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15-year, semiannual coupon bond sells for $942.01. The bond has a par value of $1,000 and a yield to maturity of 7.17 percent. What is the bond's

 15-year, semiannual coupon bond sells for $942.01. The bond has a par value of $1,000 and a yield to maturity of 7.17 percent. What is the bond's coupon rate?

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Using a financial calculator, to find the coupon amount, we specify the following inputs:... View the full answer

Coupon rate A coupon rate is the yield paid by a fixed-income security. A fixed-income security's... View the full answer

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