What is the coupon rate for the bond? Assume semi-annual payments Answer as a percent Bond Coupon Rate Yield Price Apple B 2.3% $990.90

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A:

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Bond Valuation

Bond valuation are the notes issued by the corporation to raise long-term funds for the business. The corporations are required to pay the interest on such liabilities at a specified rate of interest (termed as coupon rate) at specified dates which may be on semi-annual or annual basis. These interest payments may be in the form of coupons.