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Suppose a five-year,$1,000 bond with annual coupons has a price of $895.75 and a yield to maturity of 6.5%. What is the bond's coupon rate?
Suppose a five-year,$1,000 bond with annual coupons has a price of $895.75 and a yield to maturity of 6.5%. What is the bond's coupon rate?
The bond's coupon rate is%. (Round to three decimal places.)
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Options Futures And Other Derivatives
Authors: John C. Hull
11th Edition
013693997X, 9780136939979
