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A semi-annual, five-year bond is currently selling for $1,034.60 and has a yield to maturity of 5.94 percent. What is the coupon rate of this

A semi-annual, five-year bond is currently selling for $1,034.60 and has a yield to maturity of 5.94 percent. What is the coupon rate of this bond if the face value is $1,000?

a. 6.50 percent

b. 6.60 percent

c. 6.75 percent

d. 7.0 percent

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