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Texas Roadhouse [TXRH] has $1,000 face value bonds outstanding that mature in 9 years and pay interest semiannually. If the bonds are currently selling for
Texas Roadhouse [TXRH] has $1,000 face value bonds outstanding that mature in 9 years and pay interest semiannually. If the bonds are currently selling for $967.03 and have a yield to maturity of 7%, what is the coupon rate of the bonds?
7.67%
6.25%
3.25%
9.76%
6.50%
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