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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. 6%
c. 3%
d. 2.6%
e. 8%
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