A $1,000 face value bond is currently quoted at 100.8.The bond pays semiannual payments of $22.50 each and matures in six years.What is the coupon rate?
A) 2.72 percent
B) 2.85 percent
C) 4.46 percent
D) 2.25 percent
E) 4.50 percent
Correct Answer:
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