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A bond has a face value of$10,000, a price of$12,000, and coupon payments of$2000 for two years. The coupon rate of this bond is A.

A bond has a face value of$10,000, a price of$12,000, and coupon payments of$2000 for two years. The coupon rate of this bond is

A.

30%

B.

16.7%

C.

10%

D.

20%

E.

none of the above

with proper explanation

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