Kaiser Industries has bonds on the market making annual payments,with 14 years to maturity,and selling for $1,382.01.At this price,the bonds yield 7.5 percent.What is the coupon rate?
A) 8.00 percent
B) 8.50 percent
C) 9.00 percent
D) 10.50 percent
E) 12.00 percent
Correct Answer:
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