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Given the following information, what is the coupon rate of the bond? Years to maturity: 25 Par value: $1,000 Interest rate: 10% Current market price$1,150

Given the following information, what is the coupon rate of the bond?

Years to maturity: 25

Par value: $1,000

Interest rate: 10%

Current market price$1,150

Coupon payments are made semiannually.

Select one: a. 11.64% b. 11.12% c. 9.95% d. 8.60% e. 7.27%

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