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Sunshine Company's 20-year bond that was issued 8 years ago is selling for $1234 and has a face value of $1000. If the YTM is

Sunshine Company's 20-year bond that was issued 8 years ago is selling for $1234 and has a face value of $1000. If the YTM is 5% what is the coupon rate?

8.03%

7.82%

7.64%

7.49%

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