You have paid $1,063.65 for a bond with 9 years remaining to maturity. Interest on the bond is paid semiannually. If the current rate of return for similar investments is a nominal 8%, what is this bond’s coupon rate? Round your answer to two decimal places.
When Alice bumps into Lucy in town one day when both were out shopping, after also bumping into each other in a nightclub on a previous occasion, they get to know each other intimately in Lucy's apartment later, when Alice stays there overnight. She also enjoys the pleasure of seeing Lucy's gay, lesbian and bisexual friends getting it on with each other in a mind-blowing and erotic situation. But the biggest surprise that Alice has afterwards is realising that she's falling in love with her friend and is very much enjoying being the real her and true to herself at last - after being strongly attracted to women for years but keeping it a secret. Now, she hasn't just come out of the closet, she's kicked the door clean off and is finding freedom in erotic pleasure with her own gender. This story has a very happy ending, sure to put a smile on readers' faces... Story heat level out of 5/5.
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