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The Coleman Companys 20-year $1,000 par-value bonds currently sell for $852.73 and currently have a yield to maturity equal to 8.0%. Assuming interest is paid

The Coleman Companys 20-year $1,000 par-value bonds currently sell for $852.73 and currently have a yield to maturity equal to 8.0%. Assuming interest is paid annually, what is the coupon rate? Group of answer choices

7.6%

6.5%

8.0%

9.4%

16

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