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annual coupon rate? The bond's annual coupon rate is %. (Round to three decimal places.) A $1 ,000 par value bond has a current price

annual coupon rate? The bond's annual coupon rate is \%. (Round to three decimal places.)

A $1 ,000 par value bond has a current price of $883.07 and a maturity value of $1 ,000 and matures in 4 years. If interest is paid semiannually and the bond is priced to yield 7%, what is the bond's annual coupon rate? The bond's annual coupon rate is (Round to three decimal places.)

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