Question
Your-Money's-Not-Safe-With-Us Inc.'s outstanding bonds have a $1,000 par value, and they mature in 8 years. Their yield to maturity is 9.25%, coupon payments are made
"Your-Money's-Not-Safe-With-Us Inc.'s" outstanding bonds have a $1,000 par value, and they mature in 8 years. Their yield to maturity is 9.25%, coupon payments are made semiannually, and the current market price is $950.61. What is the bond's coupon rate?
| A. | 5.50% | |
| B. | 5.40% | |
| C. | 8.36% | |
| D. | 5.30% | |
| E. | 11.65% |
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
