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Posted on Mar 05, 2024

Suppose a 5 -year, $ 1 , 0 0 0 bond with annual coupons has a price of $ 1 , 0 5 0

Suppose a 5-year, $1,000 bond with annual coupons has a price of $1,050 and a yield to maturity of 6%. What is the bond's coupon rate?

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