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You have just discovered a $1,000 par value corporate bond with a maturity of 10 years. The bond's yield to maturity is 9% and the

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You have just discovered a $1,000 par value corporate bond with a maturity of 10 years. The bond's yield to maturity is 9% and the bond is currently selling for $743.29. What is the bond's annual coupon rate (the bond pays coupon payments annually)? 5% 6% 7% 8% 9%

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