LaMaudite Lager Inc.has semi-annual pay bonds that trade with a yield to maturity of 7 percent.The bonds have a six-year term to maturity and are currently selling for $1,067.20.The coupon rate of the bond is closest to:
A) 4.95%
B) 8.39%
C) 8.41%
D) 15.69%
Correct Answer:
Verified
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