Question: Consider a $1,000 face value Treasury bond that matures in 17 years and pays interest semiannually. The bond currently sells at a price of $1243.03.

Consider a $1,000 face value Treasury bond that matures in 17 years and pays interest semiannually. The bond currently sells at a price of $1243.03. What must be the coupon rate on the bond if your desired yield to maturity is 6 percent?

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