Question: A certain bond has a current yield of 7.85% and a market price of $1,520.00. What is the bond's coupon rate? The bond's coupon rate

A certain bond has a current yield of 7.85% and a

A certain bond has a current yield of 7.85% and a market price of $1,520.00. What is the bond's coupon rate? The bond's coupon rate is %. (Round to two decimal places.)

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