-Refer to Exhibit 38-1.The coupon rate for bond B is

Question

Quizplus · Accepted Answer

The coupon rate for a bond is typically expressed as a percentage of its face value. Without the specific details from Exhibit 38-1, the correct answer cannot be determined from external information. However, based on the format of the question, if C is indicated as the correct answer, it suggests that bond B has a coupon rate of 9.5 percent. This is a common format for test questions where the correct answer is known to the examiner but cannot be directly verified without the specific exhibit or document reference.