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A 5-year bond pays interest every 6 months and has a maturity value of $1,000If the current price of this bond is $1.040.55 and investors
A 5-year bond pays interest every 6 months and has a maturity value of $1,000If the current price of this bond is $1.040.55 and investors require an effective annual rate of return of 8.16 percent (with semi-annual compounding)then what is the nominal annual coupon rate on this bond?
9.25%
9.5%
8.75%
9.00%
9.75%
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