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Mescorp's bonds sell for $1.031.23. The bond life is 9 years, and the yield to maturity is 80%. What is the coupon rate on the

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Mescorp's bonds sell for $1.031.23. The bond life is 9 years, and the yield to maturity is 80%. 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 a a percent rounded to 2 decimal places. Con

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