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What is the coupon rate of a 8-year, $1000 bond with coupons paid semiannually and a price of $700, if it has a yield to

What is the coupon rate of a 8-year, $1000 bond with coupons paid semiannually and a price of $700, if it has a yield to maturity of 12%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write enter 0.05 as an answer.

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