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Ghost Rider Corporation has bonds on the market with 14 years to maturity, a YTM of 6.4 percent, and a current price of $962. What

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Ghost Rider Corporation has bonds on the market with 14 years to maturity, a YTM of 6.4 percent, and a current price of $962. What must the coupon rate be on the company's bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Coupon rate

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