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Delta bonds are priced at $989.64, have a yield to maturity of 7.18 percent, pay semiannual payments, have a face value of $1,000, and have

Delta bonds are priced at $989.64, have a yield to maturity of 7.18 percent, pay semiannual payments, have a face value of $1,000, and have 6.5 years to maturity. What is the coupon rate?

6.98%

7.15%

7.23%

7.06%

7.20%

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