The Exley Company bonds are currently selling for $1,041.30. These bonds mature in seven years, pay semi-annual interest and have a yield to maturity of 6.75%. What is the coupon rate?
A) 6.50%
B) 6.75%
C) 7.00%
D) 7.25%
E) 7.50%
Correct Answer:
Verified
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