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Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1138.43. At this price, the bonds yield

Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1138.43. At this price, the bonds yield 6.89 percent.

What must the coupon rate be on the bonds? enter your answer with two decimal places.

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