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Coupon Rates Draiman Corporation has bonds on the market with 1 4 . 5 years to matu - rity, a YTM of 5 . 3

Coupon Rates Draiman Corporation has bonds on the market with 14.5 years to matu-
rity, a YTM of 5.3 percent, a par value of $1,000, and a current price of $987. The
bonds make semiannual payments. What must the coupon rate be on these bonds?
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