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  3. a 11-year bond pays interest of $26.40 semiannuall

A 11-year bond pays interest of $26.40 semiannually, has a face value of $1,000, and...

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Accounting

A 11-year bond pays interest of $26.40 semiannually, has a face value of $1,000, and is selling for $706.68.

What are its annual coupon rate and yield to maturity?

The annual coupon rate is

___%.

(Round to two decimal places).

Answer & Explanation Solved by verified expert
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