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A bond with 9 years left to maturity is trading for $976. It pays coupons semiannually. Its YTM is currently 4.3%. The coupon rate for

A bond with 9 years left to maturity is trading for $976. It pays coupons semiannually. Its YTM is currently 4.3%. The coupon rate for this bond must be ________%.

Margin of error for correct responses: +/- .03(%).

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