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A bond with 7 years left to maturity is trading for $ 1 0 3 8 . It pays coupons semiannually. Its YTM is currently

A bond with

7

years left to maturity is trading for $

1038 .

It pays coupons semiannually. Its YTM is currently

4 % .

The coupon rate for this bond must be

_____% .

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