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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 years to maturity, a par value of $ and a price of $ At this price, the bonds yield percent.
What must the coupon rate be on the bonds? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Coupon rate
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