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Posted on Sep 29, 2024

Suppose a 5 - year, $ 1 , 0 0 0 bond with annual coupons has a price of $ 9 0 3 . 9

Suppose a

5 -

year, $

1, 000

bond with annual coupons has a price of $

903.96

and a yield to maturity of

6.3 % .

What is the bond's coupon rate?

The bond's coupon rate is

% . (

Round to three decimal places.

)

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