Question 3 (1.25 points) BMO has issued bonds in the market at a coupon rate of 10% (nominal rate capitalized semi-annually) with a maturity of 10 years. Coupons are paid semi-annually and bonds currently sell for 94.5% of face value which is $ 1,000. Determine the annual coupon of these bonds.

Question 3 options:

$ 100,000,000

$ 112.5558

$ 50.0000

$ 110.0000

$ 120.0000