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Assume semi-annual payments
Assume semi-annual payments. What is the coupon rate for A bond? Answer as a percent. Use at least 2 decimal places. (Note: You are given a "Price Quote". This means the price is expressed as a percentage of par. Move the decimal point over one place to find the price to solve the problem. Also, N is given. Do not double it.
Bond Coupon Rate Yield Price Quote N A 2.2 99 4.338
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