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The Skydiving Company bonds are currently selling for $953.17. These bonds mature in 5 years, pay interest semi-annually, and have a yield-to-maturity of 6.5%. What

The Skydiving Company bonds are currently selling for $953.17. These bonds mature in 5 years, pay interest semi-annually, and have a yield-to-maturity of 6.5%. What is the coupon rate?

Multiple Choice

  • 5.38%

  • 7.58%

  • 3.80%

  • 6.63%

  • 6.50%

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