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You have just purchased a 15year, $1,000 par value US Government bond for$909.20. The yield to maturity on the bond is8.6%. What is the couponrate?

You have just purchased a 15year, $1,000 par value US Government bond for$909.20. The yield to maturity on the bond is8.6%. What is the couponrate?

A.

8.6%

B.

9.0%

C.

15.0%

D.

7.0%

E.

7.5%

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