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A bond has a par value of $1,000, a current yield of 8.21 percent, and semiannual coupon payments. The bond is quoted at 103.57. What

A bond has a par value of $1,000, a current yield of 8.21 percent, and semiannual coupon payments. The bond is quoted at 103.57. What is the coupon rate of the bond?

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