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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 $920. 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 $920. At this price, the bonds yield 8.5 percent. What must the coupon rate be on the bonds? Multiple Choice 7.59% 8.25% 15.19% 7.69%

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