A 15-year semi annual coupon bond is priced at 110275 the


A 15-year, semi annual coupon bond is priced at $1,102.75. The bond has a $1,000 face value and a yield to maturity of 5.33 percent, and was issued 3 years ago. What is the coupon rate on the bond?

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Financial Management: A 15-year semi annual coupon bond is priced at 110275 the
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