Question: stuck on this problem! Gabriele Enterprises has bonds on the market making annual payments, with 13 years to maturity, a par value of $1,000, and

stuck on this problem! stuck on this problem! Gabriele Enterprises has bonds on the market making

Gabriele Enterprises has bonds on the market making annual payments, with 13 years to maturity, a par value of $1,000, and selling for $810. At this price, the bonds yield 6.6 percent. What must the coupon rate be on the bonds? Multiple Choice 6.60% 8.76% 4.48% 5.40%

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