Question: Suppose a five-year, $ 1 comma 000 bond with annual coupons has a price of $ 904.14 and a yield to maturity of 5.9 %.

Suppose a five-year, $ 1 comma 000 bond with annual coupons has a price of $ 904.14 and a yield to maturity of 5.9 %. What is the bond's coupon rate? The bond's coupon rate is nothing%. (Round to three decimal places.)

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