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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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