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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