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Consider the following bond where the coupons are paid semi-annually, Bond. CIBC Price. $1029.75 YTM. 9% Years to maturity. 9 years What is the coupon

Consider the following bond where the coupons are paid semi-annually,

Bond. CIBC

Price. $1029.75

YTM. 9%

Years to maturity. 9 years

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

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