Question: Apple Bond is currently sold for $ 1 , 2 0 0 with 1 0 years to the maturity. The current yield ( CY )

Apple Bond is currently sold for $1,200 with 10 years to the maturity. The current yield (CY) of this bond is 6%. What is the coupon rate on this bond if the par value of the bond is $1000. This is an annual coupon bond.

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