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Jerry just purchased a bond paying semiannual interest for

Jerry just purchased a bond paying semiannual interest for a price of $1,000. Yields on bonds of similar risk are 9.8%. The bond has a face value of $1,000. Based on this information, the coupon rate of the bond is:

a. The coupon rate of the bond is 9.7%

b. The coupon rate of the bond is 10.2%

c. The coupon rate of the bond is 9.2%

d .The coupon rate of the bond is 9.8%

e. We need the maturity of the bond to solve this problem.

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Financial Management: Jerry just purchased a bond paying semiannual interest for

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