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I buy a bond that promises to pay $ 1 , 0 0 0 cash to me in 1 0 years and pays an annual

I buy a bond that promises to pay $1,000 cash to me in 10 years and pays an annual coupon of $80, and I pay $800 for that bond today. What is the implied annual interest rate?
Question 9 options:
12.50%
2.50%
25%
10%

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