Question: Correct answer is 5.73 , need calculation thx A ten-year, semi-annual coupon bond was issued 3 years ago. The bond has a face value of

Correct answer is 5.73 , need calculation thx

A ten-year, semi-annual coupon bond was issued 3 years ago. The bond has a face value of $1,000. If the bond is currently selling at $957, what is the coupon rate (APR) for the bond that an investor who 00 buys it today can expect to earn if the yield to maturity is 6.5% (APR)? (Note: If your calculated coupon rate is for example 4.5% then enter 4.5 in the answer box.) Answer: 3.1 X Notes + The correct answer is: 5.73

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