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Homework: Chapter 6 Homework Score: 0 of 1 pt P 6-13 (similar to) Suppose a five-year, S 1,000 bond with annual coupons has a price

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Homework: Chapter 6 Homework Score: 0 of 1 pt P 6-13 (similar to) Suppose a five-year, S 1,000 bond with annual coupons has a price of $896.63 and a yield to maturity of 6.4%. What is the bond's coupon rate? 8 of 13 (6 complete) HW Score: 54.17%, 8.67 Question He The bond's coupon rate is 11%. (Round to three decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check

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