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QUESTION 1 Bonds issued by Vermont Shipping were priced at $926.00 six months ago and are priced at $923.00 today. The bonds have a face

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QUESTION 1 Bonds issued by Vermont Shipping were priced at $926.00 six months ago and are priced at $923.00 today. The bonds have a face value of $1,000, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months of 6.5%. What is the coupon rate of the bonds? a. 11.44% (plus or minus 0.03 percentage points) b. 13.69% (plus or minus 0.03 percentage points) c. 6.85% (plus or minus 0.03 percentage points) d. 12.64% (plus or minus 0.03 percentage points) e. None of the above is within 0.03 percentage points of the correct

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