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Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $780. At this price, the

Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $780. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds? A.7.03% B. 9.01% C.14.05% D 11.00% E 7.13%

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