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Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $ 1 , 1 8 2 .
Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $ At this price, the bonds yield percent.
What must the coupon rate be on the bonds?
Enter your answer as a percentage, omit the sign in your response, and enter your answer with two decimal places. For example, should be entered as
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