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Suppose a five - year, $ 1 , 0 0 0 bond with annual coupons has a price of $ 9 0 0 . 9
Suppose a fiveyear, $ bond with annual coupons has a price of $ and a yield to maturity of What is the bond's coupon rate?
The bond's coupon rate is Round to three decimal places.
Please solve with equation, NOT EXCEL. Thank you
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