Question: Please show how you get answer in excel. I keep getting .0421 after doing it in excel which is incorrect. Given the following information, what

Please show how you get answer in excel. I keep getting .0421

Please show how you get answer in excel. I keep getting .0421 after doing it in excel which is incorrect.

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. \$ \\quad \\mathbf{1 2 1 7} \$ b. .1109 c. 0911 d. 1043

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