Question 1 1 pts A bond makes annual coupon payments of $95. The 10-year bond was issued 2 years ago and now has an 8-year term to maturity. What was the market rate when the bond was first issued? Assume a par value of $1,000. 7.86% 10.53% 9.5% O 0.10 Question 1 1 pts A bond makes annual coupon payments of $95. The 10-year bond was issued 2 years ago and now has an 8-year term to maturity. What was the market rate when the bond was first issued? Assume a par value of $1,000. 7.86% 10.53% 9.5% O 0.10