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A 16-year, semiannual coupon bond sells for $997.27 The bond has a par value of $1,000 and a yield to maturity of 6.60 percent. What

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A 16-year, semiannual coupon bond sells for $997.27 The bond has a par value of $1,000 and a yield to maturity of 6.60 percent. What is the bond's coupon rate? Multiple Choice 5.91% 4.93% 3.29% 6.24% 6.57%

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