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Polar Bear, Inc. issued one year ago annual coupon paying bonds that orignially had 13 years to maturity. These bonds have a face value of

Polar Bear, Inc. issued one year ago annual coupon paying bonds that orignially had 13 years to maturity. These bonds have a face value of $1,000 and a current market value of $1,030. At this market value, the bonds have a yield-to-maturity of 4.14% What is the coupon rate for these bonds?

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