12. A coupon bond with a $4 million face value which makes a coupon payment of $100,000 has a coupon rate of (a) 4 per cent (b) 40 per cent (c) 2.5 per cent (d) 4.1 per cent 13. Which of the following bonds should be most attractive to an investor? (a) a $10,000 face-value security with a 3 percent coupon selling for $10,000 (b) a $10,000 face-value security with a 2 percent coupon selling for $10,000 (c) a $10,000 face-value security with a 2 percent coupon selling for $9,000 (d) a $10,000 face-value security with a 3 percent coupon selling for $9,000