Question
Consider the following bond where the coupons are paid annually, Bond Bank of America Price $1039.50 YTM 6% Years to maturity 6 years What is
Consider the following bond where the coupons are paid annually,
| Bond | Bank of America |
| Price | $1039.50 |
| YTM | 6% |
| Years to maturity | 6 years |
What is the coupon rate of this bond? Enter your answer as a percentage. Do not include the percentage sign in your answer.
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1954968574, 978-1954968578
