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Gabriele Enterprises has bonds on the market making annual payments, with 13 years to maturity. a par value of $1,000, and selling for $790. At

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Gabriele Enterprises has bonds on the market making annual payments, with 13 years to maturity. a par value of $1,000, and selling for $790. At this price, the bonds yield 11 percent. What must the coupon rate be on the bonds? Multuple Choice 11.00% 15.78% 9.99% 7.99% 7.89%

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