Question: A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 6.25%.

A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 6.25%. The bond pays coupons on an annual basis. Investors seek a 5.56% return on the bond. What is the yearly coupon for this bond? Answer format: Currency: Round to: 2 decimal places. A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 6.25%. The bond pays coupons on an annual basis. Investors seek a 5.56% return on the bond. Find the price of the bond based on the yield to maturity

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