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A bond has a current price of $800, a maturity value of $1,000 (matures in 5 years). If interest is paid semi-annually and the bond
A bond has a current price of $800, a maturity value of $1,000 (matures in 5 years). If interest is paid semi-annually and the bond is priced to yield 8%, what is the bond's annual coupon rate?
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