What is the bonds annual coupon interest rate


Problem:

Moussawi Ltd's outstanding bonds have a $1000 par value, and they mature in 5 years. Their yield to maturity is 9%, based on semiannual compounding, and the current market price is $853.61. The bonds have a par value of $1000. What is the bond's annual coupon interest rate?

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Finance Basics: What is the bonds annual coupon interest rate
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