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7. Arielle is considering buying bond that pays $150 per year. The price of the bond is $876. What is the coupon rate (CR) or

Arielle is considering buying bond that pays $150 per year. The price of the bond is $876. What is the coupon rate (CR) or nominal yield?

12%

15%

17.12%

None of the above

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		12%
		15%
		17.12%
		None of the above