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Happy Valley Corporation has bonds on the market with 1 4 . 5 years to maturity, a YTM of 6 . 1 % , and

Happy Valley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1%, and a current price of $1,038. The bonds make semiannual payments.
What must the coupon rate be on these bonds? (Round the final answer to 2 decimal places.)
Coupon rate

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