Question: A bond with a $1,000 face value and 5 years to maturity is currently selling for $982. If the yield to maturity is 6.5%, what

A bond with a $1,000 face value and 5 years to maturity is currently selling for $982. If the yield to maturity is 6.5%, what is the coupon rate of the bond? Interest is paid annually.

Answer Format: Positive percentage rounded to 2 decimal places.

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