Ford has a 10 year, 6.95% coupon bond that is currently selling for 978.65. Assume that coupon payments are annual. What is the interest rate of this bond?

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Ford has a 10 year, 6.95% coupon bond that is currently selling for 978.65. Assume that coupon payments are annual. What is the interest rate of this bond?

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Ford has a 10 year, 6.95% coupon bond that is currently selling for 978.65. Assume that coupon payments are annual. What is the interest rate of this bond?

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