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A bond that has semiannual coupons is selling for $101,000. It has 8 years left until maturity. Its par value is $100,000 and its YTM

A bond that has semiannual coupons is selling for $101,000. It has 8 years left until maturity. Its par value is $100,000 and its YTM is 6%. What is this bonds annual coupon rate?

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