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Draiman Corporation has bonds on the market with 1 4 . 5 years to maturity, a YTM of 5 . 3 percent, a par value

Draiman Corporation has bonds on the market with 14.5 years to maturity, 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 the bonds

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