What is the coupon rate of these bonds-expressed annually

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Reference no: EM131547630

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?

Reference no: EM131547630

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