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Suppose a five-year, $1,000 bond with annual coupons has a price of $903.43 and a yield to maturity of 6.5%. What is the bond's coupon

Suppose a five-year,

$1,000

bond with annual coupons has a price of

$903.43

and a yield to maturity of

6.5%.

What is the bond's coupon rate?

The bond's coupon rate is

-%.

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