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Tech Inc.s bonds have a $1,000 par value and they mature in 8 years. The nominal annual yield to maturity is 18%, they pay interest

Tech Inc.s bonds have a $1,000 par value and they mature in 8 years. The nominal annual yield to maturity is 18%, they pay interest semiannually, and they sell at a price of $650. What is the bonds nominal annual coupon rate

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