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25) A bond has a $1,000 face value, a market price of $1,023.32, and pays interest payments of $54.00 every year. What is the coupon

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25) A bond has a $1,000 face value, a market price of $1,023.32, and pays interest payments of $54.00 every year. What is the coupon rate? A) 6.76 percent B) 4.50 percent C) 5.27 percent D) 5.40 percent E) 5.35 percent

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