Calculate the coupon rate for a face value bond
Problem
Calculate the coupon rate for a $1,000 face value bond with annual coupon payments, current price of $940.74, yield-to-maturity of 5.60%, and 20 years to maturity.
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Calculate coupon rate for a $1,000 face value bond with annual coupon payments, current price of $940.74, yield-to-maturity of 5.60%, and 20 years to maturity.
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