Question: A $ 1 comma 0 0 0 1 , 0 0 0 par value bond has a current price of $ 7 1 1 .
A
$ comma
par value bond has a current price of
$
and a maturity value of
$ comma
and matures in
years. If interest is paid semiannually and the bond is priced to yield
what is the bond's annual coupon rate?
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