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P7-5 Coupon Rates (LO2] Kiss the Sky Enterprises has bonds on the market making annual payments, with 20 years to maturity, and selling for $950.

P7-5 Coupon Rates (LO2] Kiss the Sky Enterprises has bonds on the market making annual payments, with 20 years to maturity, and selling for $950. At this price, the bonds yield 8.0 percent. What must the coupon rate be on the bonds

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