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Z2. Manufacturing inc. just issued $1,000 par 20 -year bonds. The bonds sold for $,1000 and pay interest semiannually. Investors require a rate of 7%

Z2. Manufacturing inc. just issued $1,000 par 20 -year bonds. The bonds sold for $,1000 and pay interest semiannually. Investors require a rate of 7% on the bonds. What is the bonds' coupon rate? 6% 9% 8% 7%

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