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18 A bond has a par value of $1,000, a current yield of 7.97 percent, and semiannual coupon payments. The bond is quoted at 102.34.

18 A bond has a par value of $1,000, a current yield of 7.97 percent, and semiannual coupon payments. The bond is quoted at 102.34. What is the coupon rate of the bond? 8 0633 Multiple Choice 918% a 8.95% 7.97% O 16.31%

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