A Person Buys a Bond with a Face Value of $10,000

question 100

Multiple Choice

A person buys a bond with a face value of $10,000 for $9,325.Each year until the maturity date the bond buyer receives $850 from the issuer of the bond.The coupon rate on the bond is

• A) 9.11 percent.
• B) 8.5 percent.
• C) 10.0 percent.
• D) 6.75 percent.
• E) There is not enough information to answer the question.

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