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19. A $1,000 par bond with a semi-annual coupon and eight years to maturity trades at a price of $1,200 and a yield to maturity

19. A $1,000 par bond with a semi-annual coupon and eight years to maturity trades at a price of $1,200 and a yield to maturity of 3.15% . What is the bonds coupon rate?

A. 6.00%

B. 8.50%

C. 9.50%

D. 7.50%

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