Question: Suppose a 5-year, $ 1 comma 000 $1,000 bond with annual coupons has a price of $ 1 comma 100 $1,100 and a yield to

Suppose a 5-year, $ 1 comma 000

$1,000 bond with annual coupons has a price of $ 1 comma 100

$1,100 and a yield to maturity of 6 %

6%. What is thebond's couponrate?

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