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Large Industries annual bonds are selling at 82 (i.e., the price is $820 for the $1,000 bond). There are 9 years remaining until maturity on
Large Industries annual bonds are selling at 82 (i.e., the price is $820 for the $1,000 bond). There are 9 years remaining until maturity on the bonds and the yield to maturity is 7.25%. Find the coupon rate. (Note: you may have to use a trial and error solution method)
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