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Suppose a five-year, $ 1 , 0 0 0 bond with annual coupons has a price of $ 8 9 6 . 3 7 and

Suppose a five-year,

$1,000

bond with annual coupons has a price of

$896.37

and a yield to maturity of

5.9%.

What is the bond's coupon rate?

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