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Sweet Sue Foods, Inc., has 20-year bonds outstanding with a par value of $2,000 and a quoted price of 110. The bonds pay interest semiannually

Sweet Sue Foods, Inc., has 20-year bonds outstanding with a par value of $2,000 and a quoted price of 110. The bonds pay interest semiannually and have a yield to maturity of 6 percent. What is the coupon rate? Answers: a. 4.87% b. 3.87% c. 6.87% d. 5.87%

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