Bond annual coupon interest rate


Moussawi Ltd's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity is 9%, based on semiannual compounding, and the current market price is $853.61. The bonds have a par value of $1,000. What is the bond's annual coupon interest rate?

5.10%

5.20%

5.30%

5.40%

5.50%

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Finance Basics: Bond annual coupon interest rate
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