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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
- 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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