Arxy138 Arxy138

20-03-2024
Business

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Suppose a five-year, $1000 bond with annual coupons has a price of $898.69 and a yield to maturity of 6.5%. What is the bond's coupon rate?
A) 6.50%
B) 6.20%
C) 6.80%
D) 7.00%

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