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Please show your work Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $930.

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Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $930. At this price, the bonds yield 7.3 percent. What must coupon rate be on the bonds?

6.31%

6.68%

6.21%

12.42%

7.30%

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