A 11 11-year bond pays interest of $ 27.50 semiannually, has a face value of $1,000 and
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A 11
11-year bond pays interest of $ 27.50 semiannually, has a face value of $1,000 and is selling for $724.30. What are its annual coupon rate and yield tomaturity?
The annual coupon rate is ?
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