A 24-year semiannual coupon bond sells for 97842 the bond


A 24-year, semiannual coupon bond sells for $978.42. The bond has a par value of $1,000 and a yield to maturity of 6.84 percent. What is the bond's coupon rate?

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Finance Basics: A 24-year semiannual coupon bond sells for 97842 the bond
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