Question: A 9-year bond pays interest of $26.60 semiannually, has a face value of $1,000, and is selling for $742.25. What are its annual coupon rate

A 9-year bond pays interest of $26.60 semiannually, has a face value of $1,000, and is selling for $742.25. What are its annual coupon rate and yield to maturity?

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