What is the coupon rate of annual bond

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Reference no: EM131569492

What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value of $1,000 and matures in thirteen years?

A) 8.33% B) 8.50% C) 7.75% D) 7.67%

Reference no: EM131569492

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