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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 years to maturity, a YTM of and a current price of $ The bonds make semiannual payments.
What must the coupon rate be on these bonds? Round the final answer to decimal places.
Coupon rate
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