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Suppose a five-year, $1,000 bond with annual coupons has a price of $902.63 and a yield to maturity of 5.6%. What is the bond's coupon
Suppose a five-year,
$1,000
bond with annual coupons has a price of
$902.63
and a yield to maturity of
5.6%.
What is the bond's coupon rate?
The bond's coupon rate is
%.
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