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#8. Paul is considering buying a bond with an annual coupon payment of $100. The price of the bond is $900. What is the coupon

#8. Paul is considering buying a bond with an annual coupon payment of $100. The price of the bond is $900. What is the coupon rate (nominal yield) of this bond?

a. 10%

b. 11.11%

c. 13.90%

d. None of the above

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