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Homework help! Suppose a five-year, $1,000 bond with annual coupons has a price of $896.41 and a yield to maturity of 5.9%. What is the

Homework help!
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Suppose a five-year, $1,000 bond with annual coupons has a price of $896.41 and a yield to maturity of 5.9%. What is the bond's coupon rate? The bond's coupon rate is 1%. (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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