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Mobius is issuing 1 6 - year, semiannual coupon, bonds for $ 8 2 0 to fund new projects. The expected yield to maturity on

Mobius is issuing

16 -

year, semiannual coupon, bonds for $

820

to fund new projects. The expected yield to maturity on these bonds is

9 % .

What is the coupon rate on these bonds. Show your answer to the nearest

. 01 % .

Do not use the

%

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