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Maxcorp s bonds sell for $ 1 , 0 6 5 . 1 5 . The bond life is 9 years, and the yield to

Maxcorps bonds sell for $1,065.15. The bond life is 9 years, and the yield to maturity is 7%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.)
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.

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