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What is the annual coupon rate for a par value bond that sells today for $731.90, paid semiannually, which matures in 16 years, and has
What is the annual coupon rate for a par value bond that sells today for $731.90, paid semiannually, which matures in 16 years, and has a yield to maturity of 8%?
(Answer as a whole number percentage - i.e. 7.25, not 0.0725)
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