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The yield to maturity of a $1,000 bond with a 7.4% coupon rate, semiannual coupons, and two years to maturity is 8.9% APR, compounded semiannually.

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The yield to maturity of a $1,000 bond with a 7.4% coupon rate, semiannual coupons, and two years to maturity is 8.9% APR, compounded semiannually. What is its price? Suppose a five-year, $1,000 bond with annual coupons has a price of $897.95 and a yield to maturity of 5.6%. What is the bond's coupon rate

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