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  3. suppose a five-year, $1,000 bond with annual coupo

Suppose a five-year, $1,000 bond with annual coupons has a price of $903.43 and a...

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Verified Solution

Question

Accounting

Suppose a five-year,

$1,000

bond with annual coupons has a price of

$903.43

and a yield to maturity of

6.5%.

What is the bond's coupon rate?

The bond's coupon rate is

-%.

Answer & Explanation Solved by verified expert
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