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Gabriele Enterprises has bonds on the market making annual payments, with 20 years to maturity, a par value of $1,000, and selling for $860. At

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Gabriele Enterprises has bonds on the market making annual payments, with 20 years to maturity, a par value of $1,000, and selling for $860. At this price, the bonds yield 8.5 percent. What must the coupon rate be on the bonds? Multiple Choice O 8.50% 712% 7.02% 8.16% 14.04%

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