A $1000 face-value coupon bond has a current yield of 5.75% and a market price of $1060. What is the bond’s coupon rate?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A $1000 face-value coupon bond has a current yield of 5.75% and a market price of $1060. What is the bond’s coupon rate?

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