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Moussawi less. outstanding bond have a value of $1,000 per value and they mature in 5 years. Their yield to maturity is 9% and their

Moussawi less. outstanding bond have a value of $1,000 per value and they mature in 5 years. Their yield to maturity is 9% and their current price is $1,034. What is the bond's annual coupon rate?

A. 9.87% B.5.58% C. 8.88% D.7.57% E.6.67%

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