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Milwaukee Mirrors Co. has bonds on the market making semiannual payments, with 3 years to maturity, and selling for $1,055. At this price, the bonds

Milwaukee Mirrors Co. has bonds on the market making semiannual payments, with 3 years to maturity, and selling for $1,055. At this price, the bonds yield 6.5%. What must the coupon rate be on these bonds? 8.45% 8.55% 8.95% 7.95%

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