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Moussawi Ltd's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity is 8%, based on semiannual compounding,

Moussawi Ltd's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity is 8%, based on semiannual compounding, and the current market price is $814.52. What is the bond's annual coupon interest rate?

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