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Big Pear has 10,000 outstanding bonds. These bonds have a 30-year maturity and $1,000 par value. Their yield to maturity is 10%, they pay interest

Big Pear has 10,000 outstanding bonds. These bonds have a 30-year maturity and $1,000 par value. Their yield to maturity is 10%, they pay interest semiannually, and they sell at a price of $810.71. What is the bond's coupon interest rate?

Question 16 options:

6%

7%

8%

9%

10%

4%

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