Assume CVS Corporation discloses the following footnote in its 10-K relating to its debt.

BORROWING AND CREDIT AGREEMENTS

Following is a summary of the Companys borrowings as of the respective balance sheet dates.

In millions				Dec. 31, 2016	Dec. 31, 2015
	Commercial paper			$ 253.4	$ 885.6
	5.625% senior notes due 2017			300.0	300.0
	3.875% senior notes due 2018			300.0	300.0
	4.0% senior notes due 2020			650.0	650.0
	4.875% senior notes due 2025			550.0	550.0
	8.52% ESOP notes due 2019			114.0	140.9
	Mortgage notes payable			21.0	14.8
	Capital lease obligations			0.7	0.8
				2,189.1	2,842.1
	Less:
	Short-term debt			(253.4)	(885.6)
	Current portion of long-term debt			(341.6)	(30.6)
				$1,594.1	$1,925.9

CVS also discloses the following information.

Interest expense, netInterest expense was $117.0 million, $64.4 million and $53.9 million, and interest income was $6.5 million, $5.7 million and $5.8 million, in 2016, 2015 and 2014, respectively. Interest paid totaled $135.9 million in 2016, $70.4 million in 2015 and $64.9 million in 2014.

What is the average coupon rate (interest paid) and the average effective rate (interest expense) on CVS long-term debt? (Hint: Use the disclosure for interest expense, net.)

Coupon Rate:4.81% Effective Rate:4.80%

Coupon Rate:5.02% Effective Rate:6.12%

Coupon Rate:5.20% Effective Rate:5.03%

Coupon Rate:5.40% Effective Rate:4.65%