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Gabriele Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and selling for $850. At

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Gabriele Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and selling for $850. At this price, the bonds yield 7.2 percent. What must the coupon rate be on the bonds? Muitiple Choice 6.69% 7.20% 5.79% 5.69% 11.37%

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