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Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, and a current price of $1,065. The bonds

Rhiannon Corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, and a current price of $1,065. The bonds make semiannual payments.

What must be the coupon rate on these bonds

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