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Big Canyon Enterprises has bonds on the market making annual payments, with 1 8 years to maturity, a par value of $ 1 , 0

Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a price of $970. At this price, the bonds yield 8.2 percent.
What must the coupon rate be on the bonds?

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