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A bond has a par value of $1,000, a current yield of 8.33 percent, and semiannual coupon payments. The bond is quoted at 104.68. What

A bond has a par value of $1,000, a current yield of 8.33 percent, and semiannual coupon payments. The bond is quoted at 104.68. What is the coupon rate of the bond?

Multiple Choice

8.72%

17.44%

8.33%

16.66%

9.81%

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