Question: Suppose a five - year, $ 1 comma 0 0 0 bond with annual coupons has a price of $ 9 0 2 . 0

Suppose a five-year, $ 1 comma 000 bond with annual coupons has a price of $ 902.06 and a yield to maturity of 6.3%. What is the bond's coupon rate?
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Part 1
The bond's coupon rate is
enter your response here (Round to three decimal places.)

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