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10. A bond's coupon rate? a. equals its b. varies during the life of the bond. c. equals its annual coupon payment divided by its

10. A bond's coupon rate? a. equals its b. varies during the life of the bond. c. equals its annual coupon payment divided by its rate. d. both a and b are correct. e. None of the above annual coupon payment divided by the bonds' current market price

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