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Consider the following bond where the coupons are paid annually, Bond Scotiabank Price $1008.50 YTM 9% Years to maturity 8 years What is the coupon

Consider the following bond where the coupons are paid annually,

Bond Scotiabank

Price $1008.50

YTM 9%

Years to maturity 8 years

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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