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Draiman Corporation has bonds on the market with 16.5 years to maturity, a YTM of 10.6 percent, par value of $1,000 and a current price

Draiman Corporation has bonds on the market with 16.5 years to maturity, a YTM of 10.6 percent, par value of $1,000 and a current price of $942. The bonds make semiannual payments. What must the coupon rate be on the bonds.

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