Calculate the bond coupon interest rate

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Question - Natalia initially deposited $1,000 in to a savings account for five years, paying 4%p.a. compounded annually. Starting 6 years from now, she deposited $500 each year into the account, for 7 years, and the interest rate rises to 7.5% p.a. compounded monthly. What is the balance in her account at the end of 12 years?

A $2,000 bond with 8 years to maturity is currently selling for $2,055. If the yield to maturity is 9.5%, calculate the bond's coupon interest rate.

Reference no: EM133030048

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