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What is the coupon rate for a seven-year bond with yield to maturity of 3% and current price is $1,221.175. Please show your work and formulaA) 2.46%B) 3.00%C) 5.45%D) 6.55%
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What is the coupon rate for a seven-year bond with yield to maturity of 3% and current price is $1,221.175. Please show your work and formulaA) 2.46%B) 3.00%C) 5.45%D) 6.55%

User Bob Murphy
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Answer:

D) 6.55%

Step-by-step explanation:

Please see attachment . The correct answer is D) 6.55%

What is the coupon rate for a seven-year bond with yield to maturity of 3% and current-example-1
User Vivekraj K R
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