Question: Paul is considering buying a bond with a current yield of 8% and selling for $900. Assuming the bond pays an annual coupon, what is

Paul is considering buying a bond with a current yield of 8% and selling for $900. Assuming the bond pays an annual coupon, what is the coupon rate of this bond?

	a.	5.5%
	b.	6.0%
	c.	7.2%
	d.	8.2%

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