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A bond has a par value of $1000, a current yield of 7.37 percent, and semiannual coupon payments. The bond is quoted at 98.4400. What

A bond has a par value of $1000, a current yield of 7.37 percent, and semiannual coupon payments. The bond is quoted at 98.4400. What is the coupon rate of the bond?

A) 14.51% B) 8.16% C) 7.2600%

D) 7.37%

E) 14.74%

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