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An outstanding bond, which has a face value of $1,000, has 11 years remaining to maturity. The yield to maturity is 9 percent, and interest
An outstanding bond, which has a face value of $1,000, has 11 years remaining to maturity. The yield to maturity is 9 percent, and interest is paid semiannually. If the market price of the bond is $931, what is its coupon rate? 4.0% O 39.99% 6.5% 8.0%
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