Multiple Choice
If a bond has a face value of $1,000 and the bondholder receives coupon payments of $27.50 semi-annually, the bond's coupon rate is:
A) 2.75%
B) 5.50%
C) 27.5%
D) a value that cannot be determined from the information provided.
Correct Answer:

Verified
Correct Answer:
Verified
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