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What is the Coupon Rate of a bond that makes semi-annual coupon payments, has a par value of $1000, sells on the market for $1062.81,

What is the Coupon Rate of a bond that makes semi-annual coupon payments, has a par value of $1000, sells on the market for $1062.81, has a yield-to-maturity of 6%, and has 8 years remaining until maturity?

Multiple Choice 3.25% 6.50% 3.50% 7.00% 6.31%

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