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Zhang purchases a bond for $ 9 5 2 . The bond matures in 3 years, and Zhang will redeem it at its face value

Zhang purchases a bond for $952. The bond matures in 3 years, and Zhang will redeem it at its face
value of $1,000. Coupon payments are paid annually. If Zheng will earn a yield of 12% per year
compounded yearly, what is the bond (coupon) rate?Zhang purchases a bond for $952. The bond matures in 3 years, and Zhang will redeem it at its face
value of $1,000. Coupon payments are paid annually. If Zheng will earn a yield of 12% per year
compounded yearly, what is the bond (coupon) rate?
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