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DMA Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.2 percent, and a current price of $1,054. The bonds

DMA Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.2 percent, and a current price of $1,054. The bonds make semiannual payments and have a par value of $1,000.

What must the coupon rate be on these bonds?

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