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Billy's Bobcats has bonds outstanding with 10 years to maturity, make annual interest payments, have a par value of $1.000; and are cuirentfy seiling for

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Billy's Bobcats has bonds outstanding with 10 years to maturity, make annual interest payments, have a par value of $1.000; and are cuirentfy seiling for $850. At this price the bonds yieid 8 percent. What must the coupon rate be on the bonds? Mistiple Chaice 681 622% 4 t8\% 576%

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