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Ringtones Inc. wishes to issue new bonds. The bonds would be 20-year, with a $1,000 par value, and a yield to maturity of 6.54%. The firm has determined that these bonds would sell for $1,050 each. What is the coupon rate for these bonds? 1) 7.00% 2) 7.35% 3) 3.50% 4) 6.55%