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You are analyzing a 18-year, $1,000 par value bond which has a yield to maturity of 9.21 percent from The Glam Company. If the bond

You are analyzing a 18-year, $1,000 par value bond which has a yield to maturity of 9.21 percent from The Glam Company. If the bond is quoted at 102.69 percent of face value, what must be the coupon rate for this annual-pay bond? 9.52% 19.04% 8.09% 9.66% 4.76%

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