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#25 The market price of a semi-annual pay bond is $976.41. It has 22.00 years to maturity and a yield to maturity of 7 42%

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#25 The market price of a semi-annual pay bond is $976.41. It has 22.00 years to maturity and a yield to maturity of 7 42% What is the coupon rate? Submit Answer format: Percentage Round to o decimal places (Example: 9%, % sign required. Will accept decimal formal rounded to 2 decimal places (ex 0.09))

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