Bryceton,Inc.has bonds on the market with 13 years to maturity,a yield-to-maturity of 9.2 percent,and a current price of $802.30.The bonds make semiannual payments.What is the coupon rate?
A) 6.56 percent
B) 7.00 percent
C) 7.25 percent
D) 7.40 percent
E) 7.65 percent
Correct Answer:
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