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You are looking at investing in an annual coupon bond with 9 years to maturity, a face value of $1000, a yield to maturity of

You are looking at investing in an annual coupon bond with 9 years to maturity, a face value of $1000, a yield to maturity of 6% and a price of $1,096.62. What is the annual coupon of the bond? (please round your answer to the nearest penny)

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