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Gabriele Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and selling for $890. At

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Gabriele Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and selling for $890. At this price, the bonds yield 11 percent. What must the coupon rate be on the bonds? Multiple Choice 9.64% 19.09% 10.72% 11.00% 9.54%

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