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EX 9 . You intend to purchase a 6 - year, $ 1 0 0 0 face value bond that pays interest annually and currently

9 .

You intend to purchase a

6 -

year, $

1000

face value bond that pays interest annually and currently selling at

930 .

If the yield on the bond is

10.5 %,

what is the coupon rate?

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