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3. What is the coupon rate on a bond with a par value of $1,000, semi-annual coupons, 8 years until maturity, yield to maturity of

3. What is the coupon rate on a bond with a par value of $1,000, semi-annual coupons, 8 years until maturity, yield to maturity of 8.50 %, and price of $925.64?

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