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Suppose a five-year, $1,000 bond with annual coupons has a price of $898.03 and a yield to maturity of 5.9%. What is the bond's coupon
Suppose a five-year, $1,000 bond with annual coupons has a price of $898.03 and a yield to maturity of 5.9%. What is the bond's coupon rate?
The bond's coupon rate is ? (Round to three decimal places.)
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Finance And Financial Markets
Authors: Keith Pilbeam
4th Edition
1137515627, 978-1137515629
