A 12-year, annual coupon bond is priced at $1,102.60. The bond has a $1,000 face value and
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Question:
A 12-year, annual coupon bond is priced at $1,102.60. The bond has a $1,000 face value and a yield to maturity of 5.33 percent. What is the coupon rate?
5.09 percent
5.33 percent
5.74 percent
6.28 percent
6.51 percent
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