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Mobius is issuing 16-year, semiannual coupon, bonds for $811 to fund new projects. The expected yield to maturity on these bonds is 9%. What is

Mobius is issuing 16-year, semiannual coupon, bonds for $811 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%.

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