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A $1,200 10% ten-year bond has semiannual coupons. It is purchased new at $850 and is redeemable at $1,040. Find the coupon amount. $ Find

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A $1,200 10% ten-year bond has semiannual coupons. It is purchased new at $850 and is redeemable at $1,040. Find the coupon amount. $ Find the effective yield rate per coupon period. (Round your answer to two decimal places.) %

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