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Bond A is a zero-coupon bond that has one year to maturity, a face value of $1,000 and a current market price of $934. Bond
Bond A is a zero-coupon bond that has one year to maturity, a face value of $1,000 and a current market price of $934. Bond B is an annual coupon bond that has three years to maturity, a face value of $1,000, and a market price of $1,053.
If both bonds have the same yield-to-maturity, what is the coupon rate of bond B?
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