Jerry just purchased a bond paying semiannual interest for a price of

$ 1,000.

Yields on bonds of similar risk are

10.9 %

The bond has a face value of

$ 1,000.

Based on this information, the coupon rate of the bond is:

(Select the best choice below.)

A.The coupon rate of the bond is

10.9 %

B.

The coupon rate of the bond is 9.6 %

C.

The coupon rate of the bond is 12.1 %

D.

The coupon rate of the bond is 10.1%

E.

We need the maturity of the bond to solve this problem.