Given the following bond quotation, find the coupon rate. $$\begin{array} { l l l l l l l l l }
\hline\text { CIT GP} &\text { CIT.GBC }&7.000\%&\text { MAY 2013}&100.855&96.096&100.750&+2.000&6.948\%\
\hline
\end{array}$$

Question

Given the following bond quotation, find the coupon rate. $$\begin{array} { l l l l l l l l l } 
\hline\text { CIT GP}  &\text { CIT.GBC }&7.000\%&\text { MAY 2013}&100.855&96.096&100.750&+2.000&6.948\%\
\hline
\end{array}$$

Quizplus · Accepted Answer

The coupon rate is directly given in the bond quotation as 7.000%.

Given the Following Bond Quotation, Find the Coupon Rate A) 6948% B) 7

Given the Following Bond Quotation, Find the Coupon Rate A) 6948%
B) 7