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A coupon bond has a face value of $100, pays semiannual coupons and matures in five years. If its price is $92.28 and its

A coupon bond has a face value of $100, pays semiannual coupons and matures in five years. If its price is $92.28 and its YTM is 10% (APR, compounded semiannually), what is its coupon rate expressed as a semiannually compounded APR? The coupon rate (APR, compounded semiannually) is closest to: A. 4% B. 7% C. 10% D. 9% E. 8%

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