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Question 1 1 pts Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 5.49 percent, and a current price

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Question 1 1 pts Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 5.49 percent, and a current price of $894.44. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)

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