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Gabriele Enterprises has bonds on the market making annual payments, with 10 years to maturity, a par value of $1,000, and selling for $960. At

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Gabriele Enterprises has bonds on the market making annual payments, with 10 years to maturity, a par value of $1,000, and selling for $960. At this price, the bonds yield 8.4 percent. What must the coupon rate be on the bonds? Multiple Choice 7.79% 789% 8.12%

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