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A bond with 23 years to maturity is selling for $991 and has a yield to maturity of 8.12 percent. If this bond pays its

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A bond with 23 years to maturity is selling for $991 and has a yield to maturity of 8.12 percent. If this bond pays its coupon payments semiannually and par value is $1,000, what is the band's annual coupon rate? Multiple Choice 745 percent 8.03 percent 9.39 percent 10 82 percent

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