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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 $780. 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 $780. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bonds? Multiple Choice 5.36% 10.52% 6.74% 5.26% 7.80%

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