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You bought a bond with a face value of $1,000 four years ago at a yield-to-maturity of 6%. When the bond matured today, you realized
You bought a bond with a face value of $1,000 four years ago at a yield-to-maturity of
6%. When the bond matured today, you realized a capital gain of $43.31. If the bond had
paid annual coupons, what was the original coupon rate?
I found the answer somewhere online to be 4.38%, but I have no idea how to get there. Thanks
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