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A 5-year Circular File bond pays interest of $50 annually and sells for $976. What are its coupon rate? and yield to maturity? (Do not

A 5-year Circular File bond pays interest of $50 annually and sells for $976.

What are its coupon rate?

and yield to maturity?

(Do not round intermediate calculations. Round "Coupon rate" to 1 decimal place and "Yield to maturity" to 2 decimal places.)

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