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Draiman Corporation has bonds on the market with 17.5 years to maturity, a YTM of 10.8 percent, a par value of $1,000, and a current

Draiman Corporation has bonds on the market with 17.5 years to maturity, a YTM of 10.8 percent, a par value of $1,000, and a current price of $940. The bonds make semiannual payments. What must the coupon rate be on the bonds?

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