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Morin Companys annual bonds mature in 8 years, have a par value of $1,000, and currently sells for $903.04. The market requires an interest rate
Morin Companys annual bonds mature in 8 years, have a par value of $1,000, and currently sells for $903.04. The market requires an interest rate of 8.2% on these bonds. What is the bonds coupon rate? 7.50% 7.25% 6.50% 6.25% 6.10%
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