Question: Question 1 A $ 1 , 0 0 0 par value bond that pays interest annually just paid $ 1 0 8 in interest. What

Question 1
A $1,000 par value bond that pays interest annually just paid $108 in interest.
What is the coupon rate? Please share your answer as a %.
Question 1 A $1,000 par value bond that pays interest annually

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