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A 1 0 - year, $ 1 , 0 0 0 par value bond is selling at $ 1 , 1 5 8 . 9

A 10-year, $1,000 par value bond is selling at $1,158.91. Interest on this bond is paid semianually. If the annual yield to maturity is 14%, what is the annual coupon rate of the bond?
Question 27 options:
8.5%
15%
17%
none of the above

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