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A bond has a semi-annual coupon payment of $21. What is the coupon RATE? Convert to a percent. Round to 2 decimal places. Include a

A bond has a semi-annual coupon payment of $21. What is the coupon RATE? Convert to a percent. Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate. (NOTE: the coupon RATE is given annually, yet the coupon PAYMENT is semi-annual.)

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