Indetify the bonds coupon rate

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Reference no: EM132008465

Suppose a five-year $1,000 bond with annual coupons has a price of $ 902.27 and a yield to maturity of 5.5%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.)

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132008465

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