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Volbeat Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, a par value of $1,000, and a current

Volbeat Corporation has bonds on the market with 13 years to maturity, a YTM of 9.9 percent, a par value of $1,000, and a current price of $950. The bonds make semiannual payments. What must the coupon rate be on the bonds?

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