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A coupon bond with $10000 face value, 20 years to maturity, quoted at 8% APR with semi-annual compounding is currently trading at $5051.81. What is

A coupon bond with $10000 face value, 20 years to maturity, quoted at 8% APR with semi-annual compounding is currently trading at $5051.81. What is its coupon rate if it makes coupon payments every 6 months?

Select one:

a.5%

b.8%

c.3%

d.6%

e.2.6%

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