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Big Canyon Enterprises has bonds on the market making annual payments, with 1 4 years to maturity, a par value of $ 1 , 0

Big Canyon Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a price of $953. At this price, the bonds yield 9.4 percent.
What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Coupon rate
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