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A company issued bonds to fund the development of a new line of bottled beverages to be sold in grocery stores. The bonds have a
A company issued bonds to fund the development of a new line of bottled beverages to be sold in grocery stores. The bonds have a face value of $ and are selling at a premium for $ The bonds pay interest semiannually. They have a yield to maturity of and four years until they mature.
What is the coupon rate on these bonds?
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