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Suppose a five-year, $1,000 bond with annual coupons has a price of $900.00 and a yield to maturity of 6.0%. What is the bond's coupon

image text in transcribedimage text in transcribed Suppose a five-year, $1,000 bond with annual coupons has a price of $900.00 and a yield to maturity of 6.0%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.) Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.0% (annual payments). The yield to maturity on this bond when it was issued was 6.0%. What was the price of this bond when it was issued? When it was issued, the price of the bond was $[ (Round to the nearest cent.)

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