A

$1,000

par value bond has a current price of

$872.01

and a maturity value of

$1,000

and matures in

4

years. If interest is paid semiannually and the bond is priced to yield

9%,

what is the bond's annual coupon rate?

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Part 1

The bond's annual coupon rate is

enter your response here%.

(Round to three decimal places.)

A $1,000 par value bond has a current price of $872.01 and a maturity value of $1,000 and matures in 4 years. If interest is paid semiannually and the bond is priced to yield 9%, what is the bond's annual coupon rate? The bond's annual coupon rate is \%. (Round to three decimal places.)