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Gabriele Enterprises has bonds on the market making annual payments, with 13 years to maturity, a par value of $1,000, and selling for $880. At

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Gabriele Enterprises has bonds on the market making annual payments, with 13 years to maturity, a par value of $1,000, and selling for $880. At this price, the bonds yield 9.5 percent. What must the coupon rate be on the bonds? ++

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