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What is the coupon rate for the bond? Assume semi-annual payments. Answer as a percent! Bond Coupon Rate Yield Price t Apple B ? 5.1%

What is the coupon rate for the bond? Assume semi-annual payments. Answer as a percent!

Bond

Coupon Rate

Yield

Price

t

Apple B

?

5.1%

1012.5

14

7.

A bond that yields 6% pays a coupon of $20 semi-annually. Which of the following is most likely the price of the bond?

$990

$1000

$1050

Not enough information to determine.

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