Question: Suppose a five-year, $ 1 comma 000 $1,000 bond with annual coupons has a price of $ 902.56 $902.56 and a yield to maturity of

Suppose a five-year, $ 1 comma 000

$1,000 bond with annual coupons has a price of $ 902.56

$902.56 and a yield to maturity of 6.3 %

6.3%. What is the bond's coupon rate?

The bond's coupon rate is

%. (Round to three decimal places.)

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