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Question: Moonbeam, Inc. has a bond issue outstanding with a face value of $1,000 trading at $988.52. It makes a semiannual coupon payment, has a YTM of 6.31%, and will mature in 8.56 years. What is the coupon rate on this bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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