Annual coupon rate of the bond


A corporate bond is sold at $913.81 and it will mature in six years. Its YTM is 11%. What is the annual coupon rate of the bond? (Assume semi-annually compounding)

a. 5%.

b. 11%

c. 12%

d. 7%.

e. 9%

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Finance Basics: Annual coupon rate of the bond
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