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Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $820. At this price, the

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Kiss the Sky Enterprises has bonds on the market making annual payments, with 13 years to maturity, and selling for $820. At this price, the bonds yield 9.8 percent. What must the coupon rate be on the bonds? Multiple Choice 7.29% 7.2535 739% 9.808 14.58% 8.89%

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