Bryceton, Inc. has bonds on the market with 13 years to maturity, a yield-to-maturity of 9.2 percent, and a current price of $895.09. The bonds make semiannual payments. What is the coupon rate?
A) 7.80 percent
B) 8.00 percent
C) 8.25 percent
D) 8.40 percent
E) 8.65 percent
Correct Answer:
Verified
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