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#3 13 The market price of a semi-annual pay bond is $970.09. It has 15.00 years to maturity and a yield to maturity of 7.45%.

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#3 13 The market price of a semi-annual pay bond is $970.09. It has 15.00 years to maturity and a yield to maturity of 7.45%. What is the coupon rate? Submit Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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