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Titleist inc, bonds make annual interest payments, have a par value of $1,000, and have 10 years to maturity. The bonds are currently selling for

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Titleist inc, bonds make annual interest payments, have a par value of $1,000, and have 10 years to maturity. The bonds are currently selling for $850. and at this price the bonds yield 8 percent. What must the coupon rate be on the bonds? Multiple Choice 576% 6.81x 8.000 6.22%

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