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The outstanding bonds of Robin, Inc. mature in 6 years and pay semiannual interest payments of $33.50 on a $1,0 face value bond. The bonds

The outstanding bonds of Robin, Inc. mature in 6 years and pay semiannual interest payments of $33.50 on a \$1,0 face value bond. The bonds are currently selling for $1,008.64 . The coupon rate is ___...

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