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Big Sur Markets bond has a market price of $1,181 and matures in 9.5 years. The bond pays interest semi-annually. What is the coupon rate
Big Sur Markets bond has a market price of $1,181 and matures in 9.5 years. The bond pays interest semi-annually. What is the coupon rate for the bond if the face (Par) value is $1,000 and the yield to maturity (YTM) is 5.20 percent?
Group of answer choices
5.28%
10.77%
7.64%
9.50%
8.75%
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