What is the coupon rate, A 12-year, semiannual coupon bond

What is the coupon rate

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Reference no: EM131913014

A 12-year, semiannual coupon bond is priced at $1,102.60. The bond has a $1,000 face value and a yield to maturity of 5.33 percent.

What is the coupon rate? (hint: find PMT first and then c%)

Reference no: EM131913014

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