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5) Suppose a ten-year bond with semiannual coupons has a price of $1,071.06 , a face value of 1000 and a yield to maturity of

5) Suppose a ten-year bond with semiannual coupons has a price of $1,071.06 , a face value of 1000 and a yield to maturity of 7% (expressed as an APR with semiannual compounding). This bond's coupon rate is closest to: A) 3.5%

B) 6.0%

C) 7.0%

D) 8.0%

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