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Charles was sent some information about a bond broker but some of details were missing. The broker said they could sell him a bond that
Charles was sent some information about a bond broker but some of details were missing. The broker said they could sell him a bond that matures in 4 years for $876 ($1,000 par). He was told the bond pays semiannual interest payments and that its yield is 9.5%. What is the annual coupon rate proposed to Charles
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