A $1,000 face value bond is currently quoted at 101.2.The bond pays semiannual payments of $28.50 each and matures in six years.What is the coupon rate?
A) 2.72 percent
B) 2.85 percent
C) 5.00 percent
D) 5.63 percent
E) 5.70 percent
Correct Answer:
Verified
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