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Ashes Divide Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.8 percent, and a current price of $1,183.86. The

Ashes Divide Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.8 percent, and a current price of $1,183.86. The bonds make semiannual payments. The coupon rate on these bonds must be_____percent

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