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smiley industrial goods has bonds on the market making semi-annual payments of 34.6886$, with 12 years to maturity, and selling for 995$. At this price,

smiley industrial goods has bonds on the market making semi-annual payments of 34.6886$, with 12 years to maturity, and selling for 995$. At this price, the bonds yield seven percent. What is the annual coupon rate on these bonds

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