Question: A 1 2 - year, $ 1 , 0 0 0 bond is selling for $ 8 5 0 and has a YTM of 4

A 12-year, $1,000 bond is selling for $850 and has a YTM of 4%. What is the bond's coupon rate if it pays coupons every 4 months?
A 12-year, $1,000 bond is selling for $850 and has a

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