A seventeen-year, semiannual coupon bond is selling for $1,030.The bond has a face value of $1,000 and a yield to maturity of 5.95 percent.What is the coupon rate?
A) 2.65 percent
B) 5.95 percent
C) 6.40 percent
D) 6.23 percent
E) 3.12 percent
Correct Answer:
Verified
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