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Gugenheim offers 1 2 - year coupon bonds with semiannual payments. The yield to maturity is 6 . 2 3 percent, and the bonds sell

Gugenheim offers

12 -

year coupon bonds with semiannual payments. The yield to maturity is

6.23

percent, and the bonds sell at

101

percent of par. What is the coupon rate?

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