Question: A certain bond has a current yield of 7.93 % and a market price of $1 comma 480.00 . What is the bond's coupon rate?

A certain bond has a current yield of

7.93

%

and a market price of

$1 comma 480.00

.

What is the bond's coupon rate?

The bond's coupon rate is

nothing

%.

(Round to two decimal places.)

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