A Corporate Bond Makes Payments of $9

Multiple Choice

A corporate bond makes payments of $9.67 every month for ten years with a final payment of $2009.67. Which of the following best describes this bond?

A) a 10-year bond with a face value of $2,000 and a coupon rate of 4.8% with monthly payments
B) a 10-year bond with a face value of $2,000 and a coupon rate of 5.8% with monthly payments
C) a 10-year bond with a face value of $2,009.67 and a coupon rate of 4.8% with monthly payments
D) a 10-year bond with a face value of $2,009.67 and a coupon rate of 5.8% with monthly payments