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Gabriele Enterprises has bonds on the market making annual payments, with 9 years to 19 maturity, a par value of $1,000, and selling for $810.

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Gabriele Enterprises has bonds on the market making annual payments, with 9 years to 19 maturity, a par value of $1,000, and selling for $810. At this price, the bonds yield 11 percent. What must the coupon rate be on the bonds? Multiple Choice 15.14% 11.00% 7.67% 9.34% 7.57%

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