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Trevicom Inc. has bonds on the market making annual payments, with 14 years to maturity, and selling for $1,286. At this price, the bonds yield
Trevicom Inc. has bonds on the market making annual payments, with 14 years to maturity, and selling for $1,286. At this price, the bonds yield to maturity is 7.5 percent. What is the coupon rate?
(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)
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