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Gabriele Enterprises has bonds on the market making annual payments, with 6 years to maturity, a par value of $1,000, and selling for $840. At
Gabriele Enterprises has bonds on the market making annual payments, with 6 years to maturity, a par value of $1,000, and selling for $840. At this price, the bonds yield 9.8 percent. What must the coupon rate be on the bonds? |
Multiple Choice
6.15%
9.80%
6.25%
7.32%
12.30%
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