What is the coupon rate of bond

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Consider the following bond where the coupons are paid annually, Bond: HSBCPrice: $1057.75YTM: 7%

Years to maturity: 7 years

What is the coupon rate of this bond? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below. Enter your answer rounded to 2 DECIMAL PLACES.

Reference no: EM132779766

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