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#37 The market price of a semi-annual pay bond is $988.28. It has 24.00 years to maturity and a yield to maturity of 7.22%. What

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#37 The market price of a semi-annual pay bond is $988.28. It has 24.00 years to maturity and a yield to maturity of 7.22%. What is the coupon rate? Submit Answer format: Percentage Round to: O decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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