What is the coupon rate of this bond

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Reference no: EM133368552

Consider the following bond where the coupons are paid semi-annually,

Bond	Bank of Montreal
Price	$950.50
YTM	9%
Years to maturity	7 years

What is the coupon rate of this bond? Enter your answer as a percentage. Do not enter the percentage sign in your answer.

Enter your response below. Enter your answer rounded to 2 DECIMAL PLACES.

Reference no: EM133368552

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