Question: Answer please I will give thumbs up! A bond has a $1,000 face value, a current market price of $1,245, and pays semi- annual interest

Answer please I will give thumbs up!
A bond has a $1,000 face value, a current market price of $1,245, and pays semi-
annual interest payments of $100 every year. What is the coupon rate? Required:
Compute the Annual Coupon Interest Rate for the Bond and annotate below.

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