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A bond is currently priced to yield 8 percent and is selling for 854.39 dollars. If the bond pays semiannual coupon payments, has a $1,000

A bond is currently priced to yield 8 percent and is selling for 854.39 dollars. If the bond pays semiannual coupon payments, has a $1,000 face value, and has 12 years left to maturity, what is the coupon rate for the bond?

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