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A $1,000 par value bond has a current price of $895.79 and a maturity value of $1,000 and matures in 4 years. If interest is
A $1,000 par value bond has a current price of $895.79 and a maturity value of $1,000 and matures in 4 years. If interest is paid semiannually and the bond is priced to yield 9%, what is the bond's annual coupon rate?
The bond's annual coupon rate is enter your response here%. (Round to three decimal places.)
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