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A semi-annual coupon bond is currently selling for $747 and has a yield to maturity of 8.13 percent. The bond matures in 7 years. What

A semi-annual coupon bond is currently selling for $747 and has a yield to maturity of 8.13 percent. The bond matures in 7 years. What is the coupon rate of this bond if the face value is $1,000?

A) 0 percent

B) 3.32 percent

C) 8.47 percent

D) 16.60 percent

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