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The Bonsai Nursery Corporation has $1,000 par value bonds making semiannual coupon payments and with a yield to maturity of 9.77 %. If there are

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The Bonsai Nursery Corporation has $1,000 par value bonds making semiannual coupon payments and with a yield to maturity of 9.77 %. If there are twelve years remaining prior to maturity and these bonds are selling for $876.40, what is the coupon rate for these bonds? 1) 4.00% 2) 8.33% O 3) 8.00% 4) 9.80%

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