Use the information given in the following table for an bond, what is the coupon rate of the bond?
Today is February 20, 2020.
Type | Issue date | Price | Coupon rate | Maturity date | YTM | Current yield | Rating |
Bond | August 20, 2003 | $954.46 | ------ | August 20, 2026 | 11% | --- | AA |
Assume semi-annual interest payments and a par value of the bond of $1,000.
The coupon rate of the bond is:
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