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Bryceto , Inc has bonds on the market with 18 years to maturity, a yield to maturity of 8.6 percent and a current price of

Bryceto , Inc has bonds on the market with 18 years to maturity, a yield to maturity of 8.6 percent and a current price of $1279.50 The bonds make semiannual payments. What is the coupon rate?

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