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Nikita Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value of selling for $971. At this price,

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Nikita Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value of selling for $971. At this price, the bonds yield 8.3 percent. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal plac 32.16

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