What is the bond coupon rate

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The bond selection of your online broker lists Microsoft bonds as MSFT &. # of '29 selling today for $1052.38. Unfortunately, the coupon rate on the bonds is obscured- it was either mis-typed or the ether has turned it into garbage. You know that today's market interest rate is 4 percent. What is the bond's coupon rate?

Reference no: EM131836594

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