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Bellingham Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $850. At this price, the bonds yield

Bellingham Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $850. At this price, the bonds yield 2.5 percent. What must the coupon rate be on the bonds in percentage? Sample answer format: enter 3.24 for 3.24% and NO % sign.

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