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Consider the following bond where the coupons are paid annually, What is the coupon rate of this bond? The face value of the bond is

Consider the following bond where the coupons are paid annually,

What is the coupon rate of this bond? The face value of the bond is $ $1, 000 .$ 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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