Question: what is the coupon rate (semiannually compounded) on a $1000 par value bond that has 20 years remaining to maturity? the yield to maturity is
what is the coupon rate (semiannually compounded) on a $1000 par value bond that has 20 years remaining to maturity? the yield to maturity is 7% APR and the bond sells for $1,220.
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