The yield to maturity of a $1,000 bond with a 6.9% coupon rate, semiannual coupons, and two years to maturity is 8.8% APR, compounded semiannually. What is its price? The price of the bond is $. (Round to the nearest cent.) Suppose a five-year, $1,000 bond with annual coupons has a price of $901.04 and a yield to maturity of 5.9%. What is the bond's coupon rate? The bond's coupon rate is 1%. (Round to three decimal places.)