A 12-year annual coupon bond is priced at 110260 the bond


A 12-year, annual coupon bond is priced at $1,102.60. The bond has a $1,000 face value and a yield to maturity of 5.33 percent. What is the coupon rate?

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Business Economics: A 12-year annual coupon bond is priced at 110260 the bond
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