victoriaj4402 victoriaj4402

19-03-2024
Business

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Suppose a five-year, $1,000 bond with annual coupons has a price of $899.32 and a yield to maturity of 6.3%. What is the bond's coupon rate? The bond's coupon rate is:

a) 6.303%
b) 6.270%
c) 6.283%
d) 6.290%
e) 6.276%

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