Question: Suppose a 5 -year, $ 1 comma 000 bond with annual coupons has a price of $ 800 and a yield to maturity of 6

Suppose a

5

-year,

$ 1 comma 000

bond with annual coupons has a price of

$ 800

and a yield to maturity of

6 %.

What is the bond's coupon rate?

The coupon rate is

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