A bond currently sells for 104% of par value and has a yield to maturity of...

A bond currently sells for 104% of par value and has a yield to maturity of 8.22 percent. The bond natures in 5 years and pays interest semi annually. What is the coupon rate on the bond?

Expert Solution

The coupon rate on bond is 9.21%, this is calculated as follows

Following shows the working

jeff jeffy answered 3 weeks ago

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