Question: A bond has a $1,000 face value, a current market price of $845, and pays semi-annual interest payments of $45 every semester. What is the

A bond has a $1,000 face value, a current market price of $845, and pays semi-annual interest payments of $45 every semester. What is the coupon rate? Required: Compute the Annual Coupon Interest Rate for the Bond and annotate below

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