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Draiman Corporation has bonds on the market with 1 8 years to maturity, a YTM of 1 0 . 9 percent, a par value of
Draiman Corporation has bonds on the market with years to maturity, a YTM of percent, a par value of $ and a current
price of $ The bonds make semiannual payments. What must the coupon rate be on the bonds?
Note: Do not round Intermedlate calculatlons and enter your answer as a percent rounded to decimal places, eg
Coupon rate
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