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The market price of a semi - annual pay bond is $ 9 7 0 . 9 6 . It has 1 8 . 0

The market price of a semi-annual pay bond is $970.96. It has 18.00 years to maturity and a yield to maturity of 7.41%. What is the coupon rate?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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