Question: A $ 1 0 0 0 par value bond has a current price of $ 8 3 4 . 1 4 and a maturity value

A $1000 par value bond has a current price of $834.14 and a maturity value of $1000 and matures in 4 years. If interest is paid semiannually and the bond is priced to yield 9%, what is the bond's annual coupon rate?
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Part 1
The bond's annual coupon rate is ?%.(Round to three decimal places.)

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