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Melbourne Corp. has bonds on the market with 12 years to maturity, a YTM of 7.74%, and a current price of $881.02. The bonds have

Melbourne Corp. has bonds on the market with 12 years to maturity, a YTM of 7.74%, and a current price of $881.02. The bonds have a par value of $1,000 and make semiannual payments What is the coupon rate on the bonds

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