Suppose a 5-year, $ 1 comma 000 $1,000 bond with annual coupons has a price of $
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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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