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Suppose a five-year, $ 1 comma 000$1,000 bond with annual coupons has a price of $ 902.47$902.47 and a yield to maturity of 6.2 %6.2%.

Suppose a five-year,

$ 1 comma 000$1,000

bond with annual coupons has a price of

$ 902.47$902.47

and a yield to maturity of

6.2 %6.2%.

What is the bond's coupon rate?

image text in transcribed

Suppose a five-year, $1,000 bond with annual coupons has a price of $902.47 and a yield to maturity of 6.2%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.)

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