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A 9-year bond pays interest of $ 28.60 semiannually, has a face value of $1,000, and is selling for $765.73. What are its annual coupon

9-year

bond pays interest of

$ 28.60

semiannually, has a face value of

$1,000,

and is selling for

$765.73.

What are its annual coupon rate and yield to maturity?

The annual coupon rate is

__%.

(Round to two decimal places).

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