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Botanica Incorporation has bonds with 14 years to maturity, a face value of $1,000, a YTM of 8.2 percent, and a current price of 1.132.

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Botanica Incorporation has bonds with 14 years to maturity, a face value of $1,000, a YTM of 8.2 percent, and a current price of 1.132. The bonds make annual payments. What must be the coupon rate on these bonds? a. 6.89 percent b. 9.82 percent c. 7.23 percent d. 4.91 percent e. 5.36 percent

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