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Use Formulas if Possible Gabriele Enterprises has bonds on the market making annual payments, with 6 years to maturity, a par value of $1,000, and

image text in transcribedUse Formulas if Possible

Gabriele Enterprises has bonds on the market making annual payments, with 6 years to maturity, a par value of $1,000, and selling for $790. At this price, the bonds yield 9 percent. What must the coupon rate be on the bonds? Multiple Choice 8.64% O O O 5.47% 4.42% O O 4.32% 9.00%

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