What is the annual coupon payment for a bond (par value or face value of $1,000) with five years until maturity, a price of $1,000, and a discount rate (interest rate) of 8%? O a. $60 O b. $70 O c. $80 O d. $90 e. None of the above

What is the annual coupon payment for a bond (par value or face value of $1,000 ) with five years until maturity, a price of $1,000, and a discount rate (interest rate) of 8%? a. $60 b. $70 c. $80 d. $90 e. None of the above