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Suppose a five-year, $1,000 bond with annual coupons has a price of $896.63 and a yield to maturity of 6.1%. What is the bond's coupon

Suppose a five-year,

$1,000

bond with annual coupons has a price of

$896.63

and a yield to maturity of

6.1%.

What is the bond's coupon rate?

The bond's coupon rate is ___%.

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