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Assume a par value of $1,000.00. A firm plans to issue a 13 -year, annual parment band that has a price of $1,041.07. If the

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Assume a par value of $1,000.00. A firm plans to issue a 13 -year, annual parment band that has a price of $1,041.07. If the yield to maturity for the bond is 8.50. 9. what will the coupon rate of the bond be? 1) 5.00% 2) 7.97% 3) 6.85% 4) 8.18% 5) None of the given answers for this question are within 0.05 points of th correct answer. 6) 9.03%

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