The bonds make semiannual payments and have a face value of


Wheeler's has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $901.98. The bonds make semiannual payments and have a face value of $1,000. What is the coupon rate?

A) 6.60 percent

B) 6.67 percent

C) 6.50 percent

D) 6.40 percent

E) 6.33 percent

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Financial Management: The bonds make semiannual payments and have a face value of
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