Question: Consider a four-year, default-free security with annual coupon payments and a face value of $1000 that is issued at par. What is the coupon rate

Consider a four-year, default-free security with annual coupon payments and a face value of $1000 that is issued at par. What is the coupon rate of thisbond?

Maturity (years) Zero-coupon YTM 4.00% 4.30% 4.50% 4.70% 4.80%

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