[Solved] Suppose a five-year, $1,000 bond with ann

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Suppose a five-year, $1,000 bond with annual coupons has a price of $900.59 and a yield to maturity of 5.6%. What is the bond's coupon

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Suppose a five-year, $1,000 bond with annual coupons has a price of $900.59 and a yield to maturity of 5.6%. What is the bond's coupon rate? The bond's coupon rate is \%. (Round to three decimal places.)

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