A 12-year,annual coupon bond is priced at $1,102.60.The bond has a $1,000 face value and a yield to maturity of 5.33 percent.What is the coupon rate?
A) 5.09 percent
B) 5.33 percent
C) 5.74 percent
D) 6.28 percent
E) 6.51 percent
Correct Answer:
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