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What is the coupon rate of these bonds

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Reference no: EM13196588

You are looking at Viacom bonds in which there remain 20 years to maturity. The current price of a $1,000 par bond is $1,101.72 and coupons are paid semi-annually in the amount of $38.50. What is the coupon rate of these bonds?

Reference no: EM13196588

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