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Draiman Corporation has bonds on the market with 14 years to maturity, a YTM of 101 percent, a par value of $1,000, and a current

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Draiman Corporation has bonds on the market with 14 years to maturity, a YTM of 101 percent, a par value of $1,000, and a current price of $952. The bonds make semiannual payments. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16

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