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A 25-year Treasury bond is issued with face value of $1,000, paying interest of $78 per year. If market yields increase shortly after the T-bond
A 25-year Treasury bond is issued with face value of $1,000, paying interest of $78 per year. If market yields increase shortly after the T-bond is issued, what is the bond's coupon rate?(Enter your answer as a percentage rounded to 1 decimal place.)
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