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P 6-13 (similar to) Suppose a five-year, $1,000 bond with annual coupons has a price of 5896.09 and a yield to maturity of 5.7% What

P 6-13 (similar to) Suppose a five-year, $1,000 bond with annual coupons has a price of 5896.09 and a yield to maturity of 5.7% What is the bond's coupon rate? The band's coupon rate is 1% (Round to three decimal places.)

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