Question: Answer: 6.8000 % i got this ans wer but its wrong Kevin buys a bond with a face value of $17000 that is redeemable at

Answer: 6.8000 %

i got this ans wer but its wrong

Kevin buys a bond with a face value of $17000 that is redeemable at par in 5 years. He wants to yield j4 = 9%. If the purchase price is $13200.64, what is the coupon rate, j4?

Kevin buys a bond with a face valpe of $17000 that is redeemable at par in 5 years. He wants to yield fi=9%. If the purchase price is $13200.64, what is the coupon rate, ji

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