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Their yeild to maturity is 9 based on semiannual compunding

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You have an outstanding bond for $1000 par value and they matuer in 5 years. Their yeild to maturity is 9% based on semiannual compunding and the current market price is $853.61. The bonds have apar value of $1000/  what is the obnds annual coupon interest rate?

Reference no: EM13573670

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