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King of Diamonds Industries has bonds on the market makingannual payments, with 14 years to maturity, and selling for R1482,01. At this price, the bonds

King of Diamonds Industries has bonds on the market makingannual payments, with 14 years to maturity, and selling for R1482,01. At this price, the bonds yield 7%. What is the couponrate? 2 answers

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