Te current price of a 10-year 1000 par value bond is 1000


The current price of a 10-year, $1,000 par value bond is $1,000. Interest on this bond is paid every six months, and the simple annual yield is 14 percent. Given these facts, what is the annual coupon rate on this bond?

a. 10%
b. 12%
c. 14%
d. 17%
e. 21%

 

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Finance Basics: Te current price of a 10-year 1000 par value bond is 1000
Reference No:- TGS0602382

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