Question: A 7 - year - to - maturity, quarterly bond is currently trading at $ 1 , 0 8 0 . The YTM is 4

A 7-year-to-maturity, quarterly bond is currently trading at $1,080. The YTM is 4%. What was the interest rate at the time of issuance 13 years ago, assuming the bond was issued at par?
  

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