Coupon rate for the bond

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A 30-year corporate bond with interest rate of 2.5% is traded at $950. Please estimate the coupon rate for the bond given par value=$1,000.

Reference no: EM133070301

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Coupon rate for the bond : A 30-year corporate bond with interest rate of 2.5% is traded at $950. Please estimate the coupon rate for the bond given par value=$1,000.
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