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8. A bond has a $1,000 face value, pays $95 annual interest, and is currently quoted at $1,302.50. What is the coupon rate? a) 8.500%.

A bond has a $1,000 face value, pays $95 annual interest, and is currently quoted at $1,302.50. What is the coupon rate?

		a) 8.500%.
		b) 9.500%.
		c) 13.025%.
		d) can't tell from the information given.

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