Multiple Choice
A coupon bond with a face value of $25,000 and quarterly coupon payments has five years to maturity and a yield to maturity of 5%.If the current price is $10,980,what is the coupon rate?
A) 2%
B) 4.39%
C) 0.5%
D) 0%
E) 5%
Correct Answer:
Verified
Correct Answer:
Verified
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