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Suppose a? five-year, $1,000 bond with annual coupons has a price of $903.04 and a yield...

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Finance

Suppose a? five-year, $1,000 bond with annual coupons has aprice of $903.04 and a yield to maturity of 6.3%. What is the?bond's coupon? rate?

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Calculation of the annual coupon rate on the Bond Par Value of the Bond 1000 Price of the Bond 90304 Annual Yield to maturity of the Bond 630 Maturity Period 5 Years Lets take X as the annual coupon amount of    See Answer
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Suppose a? five-year, $1,000 bond with annual coupons has aprice of $903.04 and a yield to maturity of 6.3%. What is the?bond's coupon? rate?

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