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Suppose a five-year, $1000 bond with annual coupons has a price of $879.75 and a yield-to-maturity of 5.3%. What is the bond's coupon rate? The

Suppose a five-year, $1000 bond with annual coupons has a price of $879.75 and a yield-to-maturity of 5.3%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to two decimal places.)

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