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Chandrika pays $32,486.22 for a 10 year, $25,000.00 face value bond. The bond yield is j (52) = 2.250%. Find the coupon rate r (2)
Chandrika pays $32,486.22 for a 10 year, $25,000.00 face value bond. The bond yield is j(52) = 2.250%. Find the coupon rate r(2) for the bond.
a.
5.000%
b.
5.125%
c.
5.500%
d.
5.625%
e.
6.250%
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