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Apple Co. has a bond outstanding with a market price of $1,200.00.The bond has 10 years to maturity, pays interest semiannually, and has a yield

Apple Co. has a bond outstanding with a market price of $1,200.00.The bond has 10 years to maturity, pays interest semiannually, and has a yield to maturity of 9%.What is the bond's coupon rate?

A.9.77%
B.12.08%
C.10.54%
D.11.31%
E.13.61%
F.12.84%

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