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10-year semi-annual coupon bond has a par value of $1.000 and a yield to maturity (YTM) of 8%. The bond is currently trading at $1.050.

10-year semi-annual coupon bond has a par value of $1.000 and a yield to maturity (YTM) of 8%. The bond is currently trading at $1.050. hat is the coupon rate on the bond? ase round your answer to four decimal places

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