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Assume that a corporation wants to borrow $100,000 by issuing one hundred 10-year, $1,000 bonds. The interest rate required for similiar bonds from similar corporations

Assume that a corporation wants to borrow $100,000 by issuing one hundred 10-year, $1,000 bonds. The interest rate required for similiar bonds from similar corporations is 11 percent. Coupon payments will be made annually. What's the annual coupon payment for each bond?

A. $1,100

B. $110

C. $100,000

D. $11,000

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