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Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $952. At this price, the bonds yield

Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $952. At this price, the bonds yield 6.10 percent. Must show all work.

What must the coupon rate be on the bonds? (Round your answer to 2 decimal places

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