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Alp co. has bonds in the market selling for $986.98 with a face value of $1,000 and 3 years to maturity. The bonds pay annual

Alp co. has bonds in the market selling for $986.98 with a face value of $1,000 and 3 years to maturity. The bonds pay annual coupon payments. The YTM is 4.47% percent. What must the coupon rate be on these bonds?

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