What is the coupon rate for the last 10


You have a 20 year bond, coupon is 8%, compounded annually, market rate of interest is 7.5%, par value of $1000. However, you will receive a different coupon in the last 10 years. The PV of the bond is $987.69. What is the coupon rate for the last 10 years?

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Financial Management: What is the coupon rate for the last 10
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