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Suboose vou structured a bond deal for Kanive West that paid him $20 million uofront with future rovalties and streaming revenues from his past albums

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Suboose vou structured a bond deal for Kanive West that paid him $20 million uofront with future rovalties and streaming revenues from his past albums eoine towards pavments to bondholders. Each bond had a face value of $1.000. Oavs semi-annual coupons and currently sells for $1109.96. If the bonds have 27 years remaining until maturity and the current yield to maturity is 8.0%, what is the coupon rate? 985% 2.25% 19.7%

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