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bill has bonds on the market with 13.5 years to maturity a YTM of 8.47% a...

bill has bonds on the market with 13.5 years to maturity a YTM of 8.47% a par value of 1000$ and a current price 1,078.56 , the bonds make semiannual payments what must be the coupon rate be on the bonds  

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Answer #1

G22 for EPMT(G12, G16,-G20,618) H Semi Annually: YEILD = 8.47% RATE = YIELD/2 = 4.235% YEARS TO MATURITY 14 NPER 27 (years to

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