Calculate the stated coupon rate for the bond

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Suppose you are given the following bond quote information: Time to maturity: 5 years Yield to maturity: 3.5% Price: 106% of par Par Value: $1,000 Assume semi-annual compounding, calculate the stated coupon rate for the bond. (Enter percentages as decimals and round to 4 decimals)

Reference no: EM131566271

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