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A bond has a $1,000 face value, a market price of $989, and pays interest payments of $69.50 every year. What is the coupon r
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Answer #1

Calculation of coupon rate:

Coupon rate= interest payment/face value*100

Coupon rate= 69.50/1000*100= 6.95%

So correct answer is 6.95 percent

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