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A corporate bond is currently selling for $850. The bond matures in 20 years, has...

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Finance

A corporate bond is currently selling for $850. The bond matures in 20 years, has a face value of $1,000, and a yield to maturity of 10.55%. The bond's coupon rate is:

a. 12%.

b. 10%.

c. 13%.

d. 11%.

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