Exhibit 38-1 Refer to Exhibit 38-1. The coupon rate for bond B is

Name: Exhibit 38-1 Refer to Exhibit 38-1. The coupon rate for bond B is
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Question

Exhibit 38-1  Refer to Exhibit 38-1. The coupon rate for bond B is

Quizplus · Accepted Answer

The coupon rate for a bond is the annual interest payment divided by the bond's face value. For Bond B, the annual interest payment is $95, and the face value is $1,000. Therefore, the coupon rate is ($95 / $1,000) = 9.5%.