LeXnews has 15-year bonds outstanding with a face value of $1,000 and a market price of $974. The bonds pay interest semi-annually and have a yield to maturity of 4.03 percent. What is the coupon rate? A) 3.80 percent B) 3.15 percent

C) 4.15 percent

D) 3.60 percent

E) 4.10 percent

32) The 6 percent annual coupon bonds of IPO, Inc., are selling for $1,187. The bonds have a face value of $1,000 and mature in 11 years. What is the yield to maturity? A) 4.68 percent B) 3.70 percent

C) 3.88 percent

D) 4.71 percent

E) 4.64 percent