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A bond with 5 years to maturity is selling for $845.00 and has a yield to maturity of 5.2% percent. If this bond pays its

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A bond with 5 years to maturity is selling for $845.00 and has a yield to maturity of 5.2% percent. If this bond pays its coupon payments annually and the par value is $1,000, what is the bond's annual coupon rate? Hint: Known N, i, PV, and FV, find PMT first. Then, express it as a percentage of \$ 1000 (par value). 1.60% 1.76% 1.70% 1.32%

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