Question: Please dont solve by excel, by hand writing please. thank you Question 13.15 Three annual coupon bonds are redeemable at par, and all three have

Please dont solve by excel, by hand writing please. thank you

Question 13.15 Three annual coupon bonds are redeemable at par, and all three have the same term, price and yield. The first bond has a face value of 1,200 and an annual coupon rate of 5.17%. The second bond has a face value of 1,050 and an annual coupon rate of 6.48%. The third bond has a face value of 950 and an annual coupon rate of r. Calculate r. A 7.6% B 8.0% C 8.6% D 9.2% E 9.8%

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