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29) What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par

29) What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value of $1,000 and matures in thirteen years? A) 8.33% B) 7.75% C) 7.67% D) 8.5%

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