What is the coupon rate of bond

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Reference no: EM131176567

A $1000 par value bond that pays $29 every six months in interest is priced at a $28.6 discount from par value. What is the coupon rate of this bond? (Answer to the nearest hundredth of a percent, i.e. 1.23 without the % sign).

Reference no: EM131176567

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