A bond with 10 years to maturity is selling for $1090 and has a yield...
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Finance
A bond with 10 years to maturity is selling for $1090 and has a yield to maturity of 15 percent. If this bond pays its coupon payments semi-annually and par value is $1,000. What is the bond's annual coupon rate? (Round your answer to 2 decimal places. Do not include a percentage sign)
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