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Morrison Corporation's comparative financial statements included the following amounts for the current year: maturity is 16.5 years from now. Yield to maturity = 3.6%. Par

Morrison Corporation's comparative financial statements included the following amounts for the current year: maturity is 16.5 years from now. Yield to maturity = 3.6%. Par value = $2,000. Current price = $1,578. Bond payments are semiannual. What is the coupon rate?

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