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F Enterprise has bonds on the market with 9 . 5 years to maturity, a YTM of 7 . 8 percent, and a current price

F Enterprise has bonds on the market with 9.5 years to maturity, a YTM of 7.8 percent, and a current price of $976. The bonds make semiannual payments. What must the coupon rate be on the bonds?

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