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You have just bought a $1,000 bond that has a yield to maturity of 8% and matures in 10 years. The price you paid for

You have just bought a $1,000 bond that has a yield to maturity of 8% and matures in 10 years. The price you paid for the bond was $1,100. What is the coupon rate of this bond?

8%
	B.	23.3%
	C.	9.49%
	D.	11%

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