Multiple Choice
A bond has a $1,000 face value, a market price of $989, and pays interest payments of $69.50 every year.What is the coupon rate?
A) 6.76 percent
B) 7.00 percent
C) 7.03 percent
D) 6.95 percent
E) 8.14 percent
Correct Answer:
Verified
Correct Answer:
Verified
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