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Large Industries annual bonds are selling at 116.7 (i.e., the price is $1,167 for the $1,000 bond). There are 8 years remaining until maturity on

Large Industries annual bonds are selling at 116.7 (i.e., the price is $1,167 for the $1,000 bond). There are 8 years remaining until maturity on the bonds and the yield to maturity is 5.75%. Find the coupon rate. (Note: you may have to use a trial and error solution method)

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