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A bond has a $1,000 face value, a market price of $1,045, and pays interest payments of $30.00 every six months. What is the coupon

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A bond has a $1,000 face value, a market price of $1,045, and pays interest payments of $30.00 every six months. What is the coupon rate? Select one: a. 7.14 percent b. 7.76 percent c. 4.45 percent d. 5.12 percent e. 6.00 percent

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