Riverhawk Corporation has a bond outstanding with a market price of $1,300.00.The bond has 10 years to
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Question:
Riverhawk Corporation has a bond outstanding with a market price of $1,300.00.The bond has 10 years to maturity, pays interest semiannually, and has a yield to maturity of 9%.What is the bond's coupon rate?
A.11.31%
B.13.61%
C.12.84%
D.9.77%
E.10.54%
F.12.08%
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