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You are purchasing a 20 year semi annual bond with a current market price of $970.09. If the yield to maturity is 7.90% and the

You are purchasing a 20 year semi annual bond with a current market price of $970.09. If the yield to maturity is 7.90% and the face value is $1,000, what must the coupon rate be on the bond?

A. 6.03%

B. 9.59%

C. 8.36%

D. 6.54%

E. 7.60%

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