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Given the following information, what is the coupon rate of the bond? Years to maturity: 25 Par value: $1,000 Yield to maturity: 9% Current market

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

Years to maturity: 25

Par value: $1,000

Yield to maturity: 9%

Current market price$1,150

Coupon payments are made semiannually.

Select one:

a. 9.95%

b. 11.22%

c. 8.60%

d. 7.27%

e. 10.52%

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