Question: Suppose a five-year, $1,000 bond with annual coupons has a price of $896.99 and a yield to maturity of 6.4%. What is the bond's coupon

Suppose a five-year, $1,000 bond with annual coupons has a price of $896.99 and a yield to maturity of 6.4%. What is the bond's coupon rate? The bond's ooupon rate is (Round to three decimal places.)

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