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A semi-annual coupon bond has 23 years left to maturity, face value of $1,000 and yield to maturity of 7.32 percent. The bond is currently

A semi-annual coupon bond has 23 years left to maturity, face value of $1,000 and yield to maturity of 7.32 percent. The bond is currently priced at $902.79. Calculate the bond's coupon rate.

Group of answer choices

8.27%

3.22%

6.44%

5.92%

4.14%

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