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Gabriele Enterprises has bonds on the market making annual payments, with 10 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 10 years to maturity, a par value of $1,000, and selling for $890. At this price, the bonds yleid 8.8 percent. What must the coupon rate be on the bonds? Multiple Choice 14.20% 8.80% 14.20% 8.80% 71006 7208 7989

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