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Suppose a five-year, $1,000 bond with annual coupons has a price of $898.03 and a...

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Finance

Suppose a five-year, $1,000 bond with annual coupons has a price of $898.03 and a yield to maturity of 5.9%. What is the bond's coupon rate?

The bond's coupon rate is ? (Round to three decimal places.)

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