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You have just purchased a 15-year, $1,000 par value US Government bond for $909.20. The yield to maturity on the bond is 8.6%. What is

You have just purchased a 15-year, $1,000 par value US Government bond for $909.20. The yield to maturity on the bond is 8.6%. What is the coupon rate?

15.0%

7.0%

9.0%

7.5%

8.6%

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