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5.b. A 9-year bond of SAM Company with a face value of $1,100 sell in the market for $1,370. If comparable bonds are priced to

5.b. A 9-year bond of SAM Company with a face value of $1,100 sell in the market for $1,370. If comparable bonds are priced to yield 7 percent per year, what is quarterly coupon rate on SAM bonds? (1.5 marks)

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