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Gabriele Enterprises has bonds on the market making annual payments, with 8 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 8 years to maturity, a par value of $1,000, and selling for $780. At this price, the bonds yield 11 percent What must the coupon rate be on the bonds? Multiple Choice 6.82% 11.00% 13.45% 67296 862%

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