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Gabriele Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value of $1,000, and selling for $970. At

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Gabriele Enterprises has bonds on the market making annual payments, with 15 years to maturity, a par value of $1,000, and selling for $970. At this price, the bonds yield 7.3 percent. What must the coupon rate be on the bonds? Multiple Choice 13.93% 6.96% 7.18% 7.30% 7.06%

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