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MBA Corp. plans to issue 20-year bonds paying semiannual coupons. The yield to maturity on other similar bonds is 9%. If MBA Corp. wants to

"MBA Corp. plans to issue 20-year bonds paying semiannual coupons. The yield to maturity on other similar bonds is 9%. If MBA Corp. wants to sell the bonds at $1,100 a pice, what should be the coupon rate?"

10.22%

10.09%

9.00%

10.25%

9.90%

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