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Lumberton Corp. has bonds on the market with 14.5 years to maturity, a YTM of 8.97%, a par value of $1,000 and a current price

Lumberton Corp. has bonds on the market with 14.5 years to maturity, a YTM of 8.97%, a par value of $1,000 and a current price $1,058.56. The bonds make semiannual payments. What must the coupon rate be on the bonds ?

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