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Suppose a​ five-year, $1,000 bond with annual coupons has a price of $896.24 and a yield...

Suppose a​ five-year, $1,000 bond with annual coupons has a price of $896.24 and a yield to maturity of 6.5%. What is the​ bond's coupon​ rate?

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Calculations-

As no method was mentioned I have solved the problem using excel function.

Please upvote if the answer is helpful.In case of doubt,do comment.Thanks.

jeff jeffy answered 2 years ago
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