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What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $8,451.14 , if it has a yield to
What is the coupon rate of a nine-year,
$10,000 bond with semiannual coupons and a price of
$8,451.14, if it has a yield to maturity of
8% ?\ A.
7.774%\ B.
5.553%\ C.
4.442%\ D.
6.664% 
What is the coupon rate of a nine-year, $10,000 bond with semiannual coupons and a price of $8,451.14, if it has a yield to maturity of 8% ? A. 7.774% B. 5.553% C. 4.442% D. 6.664%
What is the coupon rate of a nine-year,
$10,000bond with semiannual coupons and a price of
$8,451.14, if it has a yield to maturity of
8%?\ A.
7.774%\ B.
5.553%\ C.
4.442%\ D.
6.664% Step by Step Solution
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