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Jensen Corporations bonds were issued two years ago and have 8 more years till maturity. The bonds were issued at $1,000 par, but the latest

Jensen Corporations bonds were issued two years ago and have 8 more years till maturity. The bonds were issued at $1,000 par, but the latest market price has fallen to $975 and the bonds have a yield to maturity of 11.5%. Based on this information, what coupon rate is attached to the bond?

a.

12%
b.

13%
c.

15%
d.

14%
e.

11%

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