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Tissort Ltd's semi-annual coupon bonds have a $1,000 par value, and they will mature in 7 years. Their yield to maturity is 9%, and the

Tissort Ltd's semi-annual coupon bonds have a $1,000 par value, and they will mature in 7 years. Their yield to maturity is 9%, and the current market price is $853.61. What is the bond's annual coupon rate?

6.091%

4.031%

6.136%

6.755%

5.240%

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