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Sophiss Manufacturing has $1,000 par, 20-year bonds outstanding. The bonds sell for $723.98 and pay interest semiannually. Investors require a rate of 9% on the

Sophiss Manufacturing has $1,000 par, 20-year bonds outstanding. The bonds sell for $723.98 and pay interest semiannually. Investors require a rate of 9% on the bonds. What is the bonds' coupon rate? 6% 9% 8% 39

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