Multiple Choice
Jessica paid $2,300 for a bond with a face value of $2,000.She will be paid $300 annually as long as she holds on to the bond,until the bond's maturity date.The coupon rate of the bond is
A) 15.0 percent.
B) 7.5 percent.
C) 13.0 percent.
D) 80.0 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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