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You have just paid $ 1 , 1 3 5 . 9 0 for a bond, which has 1 0 years before it , matures.

You have just paid $1,135.90 for a bond, which has 10 years before it, matures. It pays interest every six months. If you require an 8% return from this bond, what is the coupon rate on this bond? Par value is $1000.I am needing the excel formula shown how to calculate this answer.

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