Compute the coupon rate for a 3-year annual coupon bond assuming the price is 98...
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Compute the coupon rate for a 3-year annual coupon bond assuming the price is 98 and the yield is 6.1%. You are solving for PMT(coupon) and expressing it as percent of par. What do you input and what are those values you input on the financial calculator to get coupon? What is coupon=?%
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