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Karen's Kookies has bonds on the market making annual payments, 1 2 years to maturity, a par value of $ 1 , 0 0 0

Karen's Kookies has bonds on the market making annual payments, 12 years to maturity, a par value of $1,000, and a current price of $1,142.60. At this
price, the bonds yield 6.2 percent. What is the coupon rate? (Hint: You will first need to find the coupon amount.)
Multiple Choice
9.01 percent
7.74 percent
8.24 percent
7.92 percent
8.54 percent
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