Question: Suppose a 5 5 - year, $ 1 , 0 0 0 1 , 0 0 0 bond with annual coupons has a price of

Suppose a 55-year, $1,0001,000 bond with annual coupons has a price of $895.33895.33 and a yield to maturity of 5.7%5.7%. What is thebond's couponrate? Question content area bottom Part 1 Thebond's coupon rate is enter your response here%.(Round to three decimalplaces.)

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