Price (PV) = $829.47
Number of compounding period (N) = 14
Rate (r) = YTM = 7.51
Face value = $1000
The coupon amount can be calculated by using the PMT fuction of excel with above inputs
Coupon amount = PMT(Rate, N, PV, FV, Type)
= PMT(7.51%,14,-829.47,1000,0)
= 55
Coupon rate = Coupon amount / Face value = 55 / 1000 = 5.5%
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