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Suppose a five-year, $1,000 bond with annual coupons has a prico of $901.61 and a yiold to maturity of 5.9%. What is the bond's coupon

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Suppose a five-year, $1,000 bond with annual coupons has a prico of $901.61 and a yiold to maturity of 5.9%. What is the bond's coupon rate? The bond's coupon rate is \%. (Round to three decimal places.) Suppose that General Motors Acceptance Corporation issued a bond with 10 yoars until maturity, a face value of $1,000, and a coupon rate of 7.7% (annual payments). The yield to maturity on this bond when it was issued was 5.8%. What was the price of this bond when it was issued? When it was issued, the price of the bond was $ (Round to the nearest cent.)

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