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Dillard's just issued bonds with a $1,000 par value. The bonds are currently trading at $1,020 per bond. The bonds have a 7% yield to

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Dillard's just issued bonds with a $1,000 par value. The bonds are currently trading at $1,020 per bond. The bonds have a 7% yield to maturity and pay interest semiannually. The bonds have twenty years to maturity. What is the bond's annual coupon rate? 4.44% 4.91% 17.00% None of the above

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