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A bond has a $1,000 face value, a market price of $994.77, and pays interest payments of $72.14 every year. What is the coupon rate?

A bond has a $1,000 face value, a market price of $994.77, and pays interest payments of $72.14 every year. What is the coupon rate? Please answer the number in percentage points (e.g. 0.0101 -> 1.01%)

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