A six-year,semiannual coupon bond is selling for $991.38.The bond has a face value of $1,000 and a yield to maturity of 9.19 percent.What is the coupon rate?
A) 4.50 percent
B) 4.60 percent
C) 6.00 percent
D) 9.00 percent
E) 9.19 percent
Correct Answer:
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