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Kiss the Sky Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $959.79. At this price, the
Kiss the Sky Enterprises has bonds on the market making annual payments, with 10 years to maturity, and selling for $959.79. At this price, the bonds yield 11.6 percent. The coupon rate on the bonds is __ percent. (Do not include the percent sign (%). Round your answer to 1 decimal place. (e.g., 32.1))
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