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Cyclone Industrial Inc. issued ten-year bonds four years ago. The bonds would make annual coupon payments. It is currently trading at $1100 and its face
Cyclone Industrial Inc. issued ten-year bonds four years ago. The bonds would make annual coupon payments. It is currently trading at $1100 and its face value is $1000. The yield is 2.5% today. What is the bonds coupon rate? Suppose its fourth coupon was just paid out today.
Group of answer choices
A. 1.42%
B. 2.50%
C. 3.64%
D. 4.32%
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