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Suppose afive-year, $ 1 comma 000 $1,000 bond with annual coupons has a price of $ 899.01 $899.01 and a yield to maturity of 5.7
Suppose afive-year, $ 1 comma 000
$1,000 bond with annual coupons has a price of $ 899.01
$899.01 and a yield to maturity of 5.7 %
5.7%. What is thebond's couponrate?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
