Question: A bond has a $ 1 , 0 0 0 face value, a market price of $ 9 9 4 , and pays interest payments

A bond has a $1,000 face value, a market price of $994, and pays interest payments of $62 every year. What is the coupon rate?[Do not round intermediate calculations and enter your answer as a decimal rounded to 4 decimal places. For example, for 1.23% enter 0.0123]

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