Multiple Choice
A company releases a five-year bond with a face value of $1000 and coupons paid semiannually. If market interest rates imply a YTM of 6%, what should be the coupon rate offered if the bond is to trade at par?
A) 3%
B) 5%
C) 6%
D) 7%
Correct Answer:
Verified
Correct Answer:
Verified
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