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The market price of these bonds is 94676 if coupons are

Yankee Zulu Corp.'s outstanding bonds mature in 17 years and have a par value of $1000. The current yield to maturity is 7.3%. The market price of these bonds is $946.76. If coupons are paid semi-annually, what is the coupon rate of these bonds, expressed annually?

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Finance Basics: The market price of these bonds is 94676 if coupons are

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