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Rosita purchased a bond for $990.23. She sold the bond for $1,002.88 after 6 months and earned a total return of 4.80%on this investment. Suppose

Rosita purchased a bond for $990.23. She sold the bond for $1,002.88 after 6 months and earned a total return of 4.80%on this investment. Suppose the bond has semiannual interest payments, then what should be the coupon rate of it

A) 5.58%

b) 3.49%

C) 8.37%

D) 6.98%

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