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Suppose a five-year, $ 1 comma 000$1,000 bond with annual coupons has a price of $ 901.69$901.69 and a yield to maturity of 5.7 %5.7%.
Suppose a five-year,
$ 1 comma 000$1,000
bond with annual coupons has a price of
$ 901.69$901.69
and a yield to maturity of
5.7 %5.7%.
What is the bond's coupon rate?
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