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Rosita purchased a bond for $990.23. She sold the bond for $1,003.15 after 6 months and earned a total return of 5.00% on this investment.

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Rosita purchased a bond for $990.23. She sold the bond for $1,003.15 after 6 months and earned a total return of 5.00% on this investment. Suppose this bond has semiannual interest payments, then what should be the coupon rate of it? Multiple Choice 7.32% 8.78% 3.66% 5.85%

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