Question: Please show how to find answer in excel with equations. Please show steps. Given the following information, what is the coupon rate of the bond?

Please show how to find answer in excel with equations. Please show steps.

Given the following information, what is the coupon rate of the bond? Years to maturity: 12 Par value: $1,000 Interest rate: 10% Current market price: $1,150 Coupon payments are made semiannually. Select one: a. .1217 b. .1109 c. .0911 d. .1043 The correct answer is: .1217

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