What is the bonds coupon rate

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Reference no: EM132007283

Suppose a five-year, $1,000 bond with annual coupons has a price of $897.72 and a yield to maturity of 6.3%.

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: EM132007283

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