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Bonds issued by Louisville Lamps were priced at $ 1 , 0 7 7 . 8 4 six months ago and are priced at $

Bonds issued by Louisville Lamps were priced at $1,077.84 six months ago and are priced at $1,112.08 today. The bonds have a face value of $1,000.00, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months (from 6 months ago to today) of 6.47%. What is the coupon rate of the bonds?
10.62%(plus or minus 2 bps)
7.10%(plus or minus 2 bps)
3.55%(plus or minus 2 bps)
3.19%(plus or minus 2 bps)
none of the answers are within 2 bps of the correct answer

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