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Volbeat Corporation has bonds on the market with 11 years to maturity, a YTM of 9.5 percent, and a current price of $946. The bonds

Volbeat Corporation has bonds on the market with 11 years to maturity, a YTM of 9.5 percent, and a current price of $946. The bonds make semiannual payments. what must the coupon rate be on the bonds?

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