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    Yield to Maturity & Coupon rate

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    A 5-year Circular File bond pays interest of $60 annually and sells for $988. What are its coupon rate and yield to maturity? (Do not round intermediate calculations. Round "Coupon rate" to 1 decimal place and "Yield to maturity" to 2 decimal places.)

    What is Coupon rate %

    What is Yield to maturity %

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    Solution Summary

    The solution computes coupon rate and yield to maturity for a Circular File bond.