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Large Industries bonds sell for $1,097.23. The bond life is 14 years, and the yield to maturity is 8.3%. What must be the coupon rate

Large Industries bonds sell for $1,097.23. The bond life is 14 years, and the yield to maturity is 8.3%. What must be the coupon rate on the bonds? Assume coupons are paid once a year and the face value is $1,000.

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