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Consider the following bond where the coupons are paid semi-annually, Bond Price YTM Years to maturity CIBC $1056.25 3% 5 years What is the

Consider the following bond where the coupons are paid semi-annually, Bond Price YTM Years to maturity CIBC $1056.25 3% 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 enter the percentage sign in your answer. % Enter your response below. Enter your answer rounded to 2 DECIMAL PLACES. Number

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