Determine what is the coupon rate

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Reference no: EM132065965

Question: A $1,000 par value bond that pays interest annually just paid $119 in interest. What is the coupon rate?

When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.

Reference no: EM132065965

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