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QUESTION
A $1000 par value bond that pays $39 every six months in interest is priced at a $33.23 discount from par value. What is the coupon rate of this bond?...
A $1000 par value bond that pays $39 every six months in interest is priced at a $33.23 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).
