Question: Exercise #4: Compute the coupon rate for a 3-year annual coupon bond assuming the price is 98 and the yield is 6.1%. Hint: We are

Exercise \#4: Compute the coupon rate for a 3-year annual coupon

Exercise \#4: Compute the coupon rate for a 3-year annual coupon bond assuming the price is 98 and the yield is 6.1%. Hint: We are solving for PMT (coupon) and expressing it as percent of par. ===PressCoupon=

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