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Determine what is the bonds coupon rate

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Question 1: A 15-year, semiannual coupon bond sells for $978.00. The bond has apar value of $1,000 and a yield to maturity of 5.42 percent. What is the bond's coupon rate?

Reference no: EM132506068

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Determine what is the bonds coupon rate : A 15-year, semiannual coupon bond sells for $978.00. The bond has apar value of $1,000 and a yield to maturity of 5.42 percent. What is the bond's coupon rate?
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