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A $ 1 , 0 0 0 par value bond has a current price of $ 8 5 4 . 0 8 and a maturity

A $1,000 par value bond has a current price of $854.08 and a maturity value of $1,000 and matures in 6 years. If interest is paid semiannually and the bond is priced to yield %7, what is the bond's annual coupon rate? round to 3 decimals

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