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Garland Corporation has a bond outstanding with a $80 annual interest payment, a market price of $870, and a maturity date in five years. Assume

Garland Corporation has a bond outstanding with a $80 annual interest payment, a market price of $870, and a maturity date in five years. Assume the par value of the bonds is $1,000.

Find the following (Round your answers to 2 decimal places. Omit the "%" sign in your response):
(a) The coupon rate %
(b) The current rate %
(c) The approximate yield to maturity %

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