Exhibit 38-1

Bond

Face

Value

of Bond

Price of

the Bond

Annual Coupon

Payment

A

$1,000

$800

$60

B

$1,000

$950

$150

C

$1,000

$1,100

$40

D

$1,000

$1,100

$70

E

$1,000

$1,000

$50

Refer to Exhibit 38-1. For which bond is the yield and the coupon rate the same?

Group of answer choices

Bond A

Bond B

Bond C

Bond D

Bond E