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Gabriele Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and selling for $890. At

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Gabriele Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and selling for $890. At this price, the bonds yleld 6.6 percent. What must the coupon rate be on the bonds? Multiple Choice 5.54% 1108% 6.22% 5.64% 6.60%

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