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What is the coupon rate of a nine-year, $5,000 bond with semiannual coupons and a price of $4,047.15, if it has a yield to maturity
What is the coupon rate of a nine-year, $5,000 bond with semiannual coupons and a price of $4,047.15, if it has a yield to maturity of 7.6% ? A. 3.71% B. 4.638% C. 5.566% D. 6.493%
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