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polnts Bycelon n has bonds on the marAed.wilth 13 yoars to malurity, a yloldto-maturity of 02 peroenl, and curant prie of $02
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Answer #1

The coupon rate is calculated using the PMT function:-

=PMT(rate,nper,pv,fv)

=PMT(9.2%/2,13*2,-802.3,1000)*2/1000

=6.56%

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