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Red Hat just issued 30-year bonds. The bonds sold for $1,107.20 and pay interest semiannually. Investors require a rate of 7.75% on the bonds. What

  1. Red Hat just issued 30-year bonds. The bonds sold for $1,107.20 and pay interest semiannually. Investors require a rate of 7.75% on the bonds. What is the bonds' coupon rate?

a 9.33%

b 7.75%

c 4.13%

d 8.68%

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