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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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