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Gabriele Enterprises has bonds on the market making annual payments, with 11 years to maturity, a par value of $1,000, and selling for $930. At

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Gabriele Enterprises has bonds on the market making annual payments, with 11 years to maturity, a par value of $1,000, and selling for $930. At this price, the bonds yield 9.4 percent. What must the coupon rate be on the bonds? Multiple Choice 8.35% 9.40% 16.70% 8.98% 8.45%

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