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De Lager Inc. has semi-annual pay bonds that trade with a yield to maturity of 7 percent. The bonds have a six-year term to maturity

De Lager Inc. has semi-annual pay bonds that trade with a yield to maturity of 7 percent. The bonds have a six-year term to maturity and are currently selling for $1,067.20. What is the bond's coupon rate and the current yield?

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