Ghost rider corporation has bonds on the market with 13, Financial Management

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Ghost rider corporation has bonds on the market with 13

Ghost Rider Corporation has bonds on the market with 13 years to maturity, a YTM of 6.1 percent, and a current price of $959. What must the coupon rate be on the company’s bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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