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Volbeat corp. has bonds on the market with 10.5 years to maturity, a YTM of 8.4%, and a current price of $945. The bonds make

Volbeat corp. has bonds on the market with 10.5 years to maturity, a YTM of 8.4%, and a current price of $945. The bonds make semiannual payments. What must the coupon rate be on the bonds?

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