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AAD's outstanding bonds have a 25-year maturity and a $1,000 par value. Their yield to maturity is 9.25%, they pay coupon payments semiannually, and they

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AAD's outstanding bonds have a 25-year maturity and a $1,000 par value. Their yield to maturity is 9.25%, they pay coupon payments semiannually, and they sell at a price of $850. What is the bonds' (annual) coupon rate? Select one: a. 6.60% O b. 6.95% O c. 7.22% O d. 6.27% e. 7.7%

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