Rudy Sandberg wants to invest in four-year bonds that are currently priced at $879.35. These bonds have

Question:

Rudy Sandberg wants to invest in four-year bonds that are currently priced at $879.35. These bonds have a coupon rate of 6.01 percent and pay semiannual coupons.

The current market yield on this bond is.

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...