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Consider the following bond where the coupons are paid annually, Bond Scotiabank Price $ 9 8 2 . 2 5 YTM 7 % Years to

Consider the following bond where the coupons are paid annually,

Bond Scotiabank

Price $

982.25

YTM

7 %

Years to maturity

5

years

What is the coupon rate of this bond? The face value of the bond is $

1, 000 .

Enter your answer as a percentage. Do not include the percentage sign in your answer.

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