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Shidao Enterprises has bonds on the market making annual payments, with 12 years to maturity, and selling for $920. At this price, the bonds yield

Shidao Enterprises has bonds on the market making annual payments, with 12 years to maturity, and selling for $920. At this price, the bonds yield 11.0 percent. What must the coupon rate be on the bonds?

11.00%

19.54%

9.77%

10.62%

9.97%

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