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Lei Corporation has bonds on the market with 2 0 . 5 years to maturity, a YTM of 8 . 1 percent, a par value

LeiCorporation has bonds on the market with 20.5 years to maturity, a YTM of 8.1 percent, a par value of $1,000, and a current price of $1,074. The bonds make semiannual payments.What must the coupon rate be on these bonds?

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