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Consider the following bond where the coupons are paid annually, Bond Bank of Montreal Price $999.75 YTM 8% Years to maturity 13 years What is

Consider the following bond where the coupons are paid annually,

Bond Bank of Montreal
Price $999.75
YTM 8%
Years to maturity 13 years

What is the coupon rate of this bond? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below. Enter your answer rounded to 2 DECIMAL PLACES.

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