Use the Following Exhibit for Questions -The Contractual Interest Rate of the Bombardier Bonds Is
A)

Multiple Choice

Use the following exhibit for questions $$\begin{array} { l l l l l } \frac { \text { Bonds } } { \text { Bombardier } } & \frac { \text { Coupon } } { 7.350 } & \frac { \text { Maturity Date } } { \text { Dec. } 22 / 26 } & \frac { \text { Bid } \$ } { 103.12 } & \frac { \text { Yield } \% } { 6.35 }\end{array}$$
-The contractual interest rate of the Bombardier bonds is

A) less than the market rate of interest.
B) greater than the market rate of interest.
C) equal to the market rate of interest.
D) not determinable.