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Suppose a five-year $1,000 bond with annual coupons has a price of 5901 95 and a yield to maturity of 5.5%. What is the bond's

Suppose a five-year $1,000 bond with annual coupons has a price of 5901 95 and a yield to maturity of 5.5%. What is the bond's coupon rate? The bond's coupon rate is 1% (Round to three decimal places.)

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