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Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $1192.83. At this price, the bonds yield 2.98 percent. What must the coupon rate be on the bonds? (Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)

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Category:- Financial Management
Reference No.:- M92822458

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