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Question 1: Given a $1000 face value corporate bond having a current price of $800, matures in 5 years. If interest is paid semi-annually and the bond is priced to yield 8% annually, what is the bond's coupon rate?
Option a) 3.03% Annually
Option b) 1.77% semi annually
Option c) 2.8% annually
Option d) 1.53% semi annually
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