The evening telegram states a bond price at 9700 while it


The Evening Telegram states a bond price at $97.00, while it yields is reported at 6%. If there are 7 years left to maturity on this bond, what then, is this bond's coupon? Is it $48, $50, $53, or $55?

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Financial Management: The evening telegram states a bond price at 9700 while it
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