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Gabriele Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value of $1,000, and selling for $940. At

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Gabriele Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value of $1,000, and selling for $940. At this price, the bonds yield 11 percent. What must the coupon rate be on the bonds? Multiple Choice 10.81% 10.17% 10.27% 11.00%

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