Determine the market rate of interest for a bond

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Determine the market rate of interest for a bond with the following charateristics: the bond pays a 7% coupon (semi-annually), its time until maturity is 20 years and it is currently selling for $1154.

Reference no: EM13744768

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Determine the market rate of interest for a bond : Determine the market rate of interest for a bond with the following charateristics: the bond pays a 7% coupon (semi-annually), its time until maturity is 20 years and it is currently selling for $1154.
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