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Ellwood Hanker Corporations bonds currently selling for $1,072.25 on the NYSE. The bonds remaining life is 12 years and the YTM is 6.75%. Assuming annual

Ellwood Hanker Corporations bonds currently selling for $1,072.25 on the NYSE. The bonds remaining life is 12 years and the YTM is 6.75%. Assuming annual coupon payments, what is the coupon rate on the bonds?

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