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

Suppose a
55-year,
$1 comma 0001,000
bond with annual coupons has a price of
$895.72895.72
and a yield to maturity of
5.6%5.6%.
What is the bond's coupon rate?

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