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Find coupon rate be on the bonds

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Reference no: EM132828278

Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and selling for $800. At this price, the bonds yield 7.5 percent. What must the coupon rate be on the bonds?

Answers Given:

9.53

4.87

4.77

7.50

5.96

Reference no: EM132828278

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