What is the coupon rate on a bond, currently priced at 1000 , that has 14 years to maturity and has par value of 1000 ? Use a yield to maturity of 6.25%. \begin{tabular}{l} 4.25% \\ 5.25% \\ \hline C 8.25% \\ Correct Answer: 6.25% \\ 6.25% \\ 7.25% \end{tabular}