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Nikita Enterprises has bonds on the market making semi - annual payments, with 1 9 years to maturity, a par value of $ 1 ,
Nikita Enterprises has bonds on the market making semiannual payments, with years to maturity, a par value of $ and selling for $ At this price, the bonds yield percent. What must the coupon rate be on the bonds? Answer to four decimal places. eg
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