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Posted on Sep 07, 2024

Suppose a 5 - year, $ 1 , 0 0 0 bond with annual coupons has a price of $ 9 0 3 . 8

Suppose a

5 -

year,

1, 000

bond with annual coupons has a price of

903.87

and a yield to maturity of

6.1 % .

What is the

bond's coupon

rate?

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