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Determine what is the coupon rate on the bond

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Reference no: EM132797355

Problem 1: 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.

Reference no: EM132797355

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