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Red Mountain, Inc. bonds have a face value of $1,000. The bonds pay interest semiannually, and mature in 13.5 years. If the current price of

Red Mountain, Inc. bonds have a face value of $1,000. The bonds pay interest semiannually, and mature in 13.5 years. If the current price of these bonds is $856.66 and the yield to maturity is 6.82 percent, what is the coupon rate? Group of answer choices 2.58% 2.59% 5.16% 5.18%

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