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Consider the following bond where the coupons are paid annually, Bond HSBC Price $1016.50 YTM 9% Years to maturity 12 years What is the coupon

Consider the following bond where the coupons are paid annually,

Bond	HSBC
Price	$1016.50
YTM	9%
Years to maturity	12 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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