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Today's market price of IBM's A-rated bonds is $854.50. The yield (required rate of return) on IBM's bonds is: higher than the coupon interest rate.

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Today's market price of IBM's A-rated bonds is $854.50. The yield (required rate of return) on IBM's bonds is: higher than the coupon interest rate. . lower than the coupon interest rate. equal to the coupon interest rate. 3. 10 percent. e. none of the above

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