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The DDT bond has a current price of $900, a maturity value of $1,000, and matures in 5 years. If interest is paid semi-annually and
The DDT bond has a current price of $900, a maturity value of $1,000, and matures in 5 years. If interest is paid semi-annually and the bond is priced to yield 6.00%, what is the bond's annual coupon rate? Please show your work.
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