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Henley Corporation has bonds on the market with 1 9 . 5 years to maturity, a YTM of 1 1 . 2 percent, a par

Henley Corporation has bonds on the market with 19.5 years to maturity, a YTM of 11.2 percent, a par value of $1,000, and a current price of $936. The bonds make semiannual payments.
What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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