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  1. business
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  3. suppose a 5-year, $1,000 bond with annual coupons

Suppose a 5-year, $1,000 bond with annual coupons has a price of $930 and a...

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Accounting

Suppose a 5-year, $1,000 bond with annual coupons has a price of $930 and a yield to maturity of 6%. What is
the bond's coupon rate?
The coupon rate is ,%.(Round to two decimal places.)
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