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3 . The DDT bond has a current price of $ 9 3 . 0 0 , a maturity value at par, and matures in

3. The DDT bond has a current price of $93.00, a maturity value at par, and matures in 6 years. If interest is paid semi-annually and the bond is priced to yield 4.00%, What is the bond's annual coupon rate?

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