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Suppose a 15-year, $1,000 bond with annual coupons has a price of $800 and a yield to maturity of 7%. What is the bond's coupon

Suppose a 15-year, $1,000 bond with annual coupons has a price of $800 and a yield to maturity of 7%. What is the bond's coupon rate? Select one: O a. 4.80% O b. 7.00% c. 8.00% d. 8,75%

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