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Posted on Sep 20, 2024

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

Suppose a

five

-

year, $

1

comma

000

bond with annual coupons has a price of $

903.56

and a yield to maturity of

6.4 % .

What is the

bond's coupon

rate?

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