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Kaiser Industries has bonds on the market making annual payments, with 12 years to maturity,...

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Question

Finance

Kaiser Industries has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a current price of $1,142.60. At this price, the bonds yield 6.2 percent. What is the coupon rate?

options:

7.92%

7.74%

8.24%

8.54%

9.01%

thank you!!

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