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Chandrilla Corporation has bonds on the market with 14.5 years to maturity, a yield to maturity (YTM) of 5.3 percent, a par value of $1,000,

Chandrilla Corporation has bonds on the market with 14.5 years to maturity, a yield to maturity (YTM) of 5.3 percent, a par value of $1,000, and a current price of $1,045. The bonds makesemiannual payments. What must the coupon rate be on these bonds?

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