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Both John and Anna are fixed income analysts within an investment team. They are discussing the...

Both John and Anna are fixed income analysts within an investment team. They are discussing the prospect of purchasing bond A and bond B issued by Lowes Corporation. Both bonds have 8 years to maturity. The current interest rate is 7%. Bond A is currently trading at $1251.22 and Bond B is currently trading at $874.39. What are the coupon rates for Bond A and Bond B?

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