$17$

MC algo $6-17$ Calculating Coupon Rates

A $18-$year, semiannual coupon bond sells for $$951\mathrm{.}94.$ The bond has a par value of $$1,000$ and a yield to maturity of $7\mathrm{.}08$ percent.

$6\mathrm{.}67$

What is the bond's coupon rate?

points

$00$:$42$:$49$

Multiple Choice

eBook

$6\mathrm{.}60\%$

$6\mathrm{.}27\%$

$3\mathrm{.}30\%$