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Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yield to maturity is 8%. However coupon

Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yield to maturity is 8%. However coupon is paid semiannually, and they sell at a price of $1125. What is the bond's annual coupon interest rate? 4.92% 7.08% 4.37% 9.84% 8.75%

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