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

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?

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