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What is the coupon rate of an eight year, $10,000 bond with semiannual coupons and a price of $9,006.66, if it has a yield to
What is the coupon rate of an eight year, $10,000 bond with semiannual coupons and a price of $9,006.66, if it has a yield to maturity of 6.5%?
A. | 3.64% | |
B. | 4.89% | |
C. | 2.44% | |
D. | 5.48% |
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