BJL Painting Ltd has bonds that trade with a yield to maturity of 7 percent and a face value of $1,000.The bonds have a six-year term to maturity,pay semi-annual coupons and are currently selling for $1,067.20.The coupon rate of the bond is closest to:
A) 4.20%.
B) 4.95%.
C) 8.39%.
D) 8.41%.
Correct Answer:
Verified
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