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FPT ' s has bonds on the market with 1 3 years to maturity, a YTM of 7 . 6 percent, and a current price

FPT's has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $901.98. The bonds make semiannual payments and have a face value of $1,000. What is the coupon rate?

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