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Mobius is issuing 16 -year, semiannual coupon, bonds for $942 to fund new projects. The expected yield to maturity on these bonds is 9%. What

image text in transcribed Mobius is issuing 16 -year, semiannual coupon, bonds for $942 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 \% sign in your answer. Your

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