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A 20-year Treasury bond is issued with face value of $1,000, paying interest of $74 per year. If market yields increase shortly after the T-bond

A 20-year Treasury bond is issued with face value of $1,000, paying interest of $74 per year. If market yields increase shortly after the T-bond is issued, what is the bonds coupon rate? (Round your answer to 1 decimal place.)

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