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A six-year, semiannual coupon bond is selling for $995.38. The bond has a face value of $1,000 and a yield to maturity of 8.2
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Answer #1

The annual coupon rate is calculated using the PMT function:-

=PMT(rate,nper,pv,fv)

=PMT(8.2%/2,6*2,-995.38,1000)*2/1000

=8.10%

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