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Posted on Sep 07, 2024

Suppose a five-year, $ 1 comma 000$1,000 bond with annual coupons has a price of $ 896.26$896.26 and a yield to maturity of 6.3 %6.3%.

Suppose a five-year, $ 1 comma 000$1,000 bond with annual coupons has a price of $ 896.26$896.26 and a yield to maturity of 6.3 %6.3%. What is the bond's coupon rate?

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