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Posted on Jul 30, 2024

Suppose a five-year, $ 1 000 bond with annual coupons has a price of $ 897.66 and a yield to maturity of 5.8 % .

Suppose a five-year,

$ 1 000

bond with annual coupons has a price of

$ 897.66

and a yield to maturity of

5.8 %

What is the bond's coupon rate?

The bond's coupon rate is

(Round to three decimal places.)

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