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Company XYZ 's Oustanding bonds have a $1,000 par value and they mature in 25 years. Their nominal yield to maturity is 9.66%, they pay

Company XYZ 's Oustanding bonds have a $1,000 par value and they mature in 25 years. Their nominal yield to maturity is 9.66%, they pay Interest semiannually, and they sell at a price of $850. What is the bond's annual coupon interest rate. Multiple Choice 8,060% 8.156% 7.963% 7.867% 8.252%

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