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Suppose a five-year, $1,000 bond with annual coupons has a price of $903.23 and a yield to maturity of 5.7%. What is the bond's coupon
Suppose a five-year, $1,000 bond with annual coupons has a price of $903.23 and a yield to maturity of 5.7%. What is the bond's coupon rate? The bond's coupon rate is \%. (Round to three decimal places.)
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
