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Talton buys a $1000 par value 19-year bond with annual coupons. The redemption value at maturity is equal to the par value. Talton bought the

Talton buys a $1000 par value 19-year bond with annual coupons. The redemption value at maturity is equal to the par value. Talton bought the bond at a discount to yield an annual effective rate of 6%.

Determine the annual coupon rate if the amount for accumulation of discount in the 6th year is 10.04.

A. 3.73

B. 3.79

C. 3.82

D. 3.87

E. 3.91

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