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1. Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%, face value of $1000 and a current

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1. Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%, face value of $1000 and a current price of $1,038. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Round the final answer to 2 decimal places) (1 Point) Enter your

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