[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 and a yield to maturity of 6%. What is the bond's coupon

Suppose a five-year, $1,000 bond with annual coupons has a price of $900 and a yield to maturity of 6%. What is the bond's coupon rate? Note: Express your answer as a percentage without the percentage sign.

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