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Bonds issued by GlivCo were priced at $928.32 six months ago and are priced at $976.07 today. The bonds have a face value of $1,000,
Bonds issued by GlivCo were priced at $928.32 six months ago and are priced at $976.07 today. The bonds have a face value of $1,000, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months (from 6 months ago to today) of 6.04%. What is the coupon rate of the bonds? Answer as a rate in decimal form, rounded to 4 decimal places (for example, .1234 or .0987).
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