Question: please do Ex #8 Ex 7) Finding the coupon rate: The ABC Corporation bonds mature 5 years from today. The coupons are paid annually and

please do Ex #8

Ex 7) Finding the coupon rate: The ABC Corporation bonds mature 5 years from today. The coupons are paid annually and returns the face value of $1000 at maturity. The yield to maturity is 7% and the price of the bond is currently $1205. What is the coupon rate on this bond? STE For Assignment #7, please solve Ex 8 below. In your submission on Canvas, include your timeline, calculator keystrokes, the equation using the bond price formula, and the answer. You may scan or take a picture of your work. Ex 8) In the previous Ex 7, assume instead that the coupons are paid quarterly, with everything else the same. What is the coupon rate

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