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

$1,000.

Yields on bonds of similar risk are

10.2%.

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 9.2%

B.

The coupon rate of the bond is 8.7%

C.

The coupon rate of the bond is 11.2%

D.The coupon rate of the bond is

10.2%.

E.

We need the maturity of the bond to solve this problem