Question

What is the coupon rate of an eight year, $10,000 bond with semiannual coupons and a...

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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