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****PLEASE SOLVE BY HAND WITH THE APPROPRIATE FORMULA AND SHOW STEP-BY-STEP Suppose a 5 year $1000 bond with annual coupons has a price of $900

****PLEASE SOLVE BY HAND WITH THE APPROPRIATE FORMULA AND SHOW STEP-BY-STEP

Suppose a 5 year $1000 bond with annual coupons has a price of $900 and a YTM of 6%. What is the bonds coupon rate?

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