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Ponzi Corporation has bonds on the market with 1 4 . 5 years to maturity, a YTM of 9 . 0 1 percent, and a

Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 9.01 percent, and a current price of $1,094.95. The bonds make semiannual payments.
What must the coupon rate be on these bonds?

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