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A company has bonds on the market with 15 years to maturity, a YTM of 6 percent, and a current price of $1,112. The bonds

A company has bonds on the market with 15 years to maturity, a YTM of 6 percent, and a current price of $1,112. The bonds make semiannual coupon payments. What must the coupon rate be on these bonds? (Note that coupon rate is quoted in nominal term) 7.14% 6.42% 3.61% 8.26% 6.00%

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