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Valdez Corporation has bonds on the market with 1 1 . 5 years to maturity, a YTM of 7 . 2 percent, a par value
Valdez Corporation has bonds on the market with years to maturity, a YTM of percent, a par value of $ and a current price of $ The bonds make semiannual payments. What must the coupon rate be on these bonds?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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