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An investor buys one (1), $1,000 Government of Canada bond that pays 3.75% coupon rate for 10 years. 5 years later, the market rates are

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An investor buys one (1), $1,000 Government of Canada bond that pays 3.75% coupon rate for 10 years. 5 years later, the market rates are at 5.50% and corporate bonds are selling at a discount. What will be the annual coupon rate payment for the Government of Canada bond? 7.50% annually 3.75% annually $37.50 annual payment $75.00 annual payment

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