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Suppose a five-year, $1,000 bond with annual coupons has a price of $902.91 and a yield to maturity of 6.4%. What is the bond's coupon

Suppose a five-year,

$1,000

bond with annual coupons has a price of

$902.91

and a yield to maturity of

6.4%.

What is the bond's coupon rate?

The bond's coupon rate is

nothing%.

(Round to three decimal places.)

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