Use the Following Exhibit for Questions -The Contractual Interest Rate of the Bombardier Bonds Is
A)

question 54

Multiple Choice

Use the following exhibit for questions $$\begin{array} { l l l l l } \frac { \text { Bonds } } { \text { Bombardier } } & \frac { \text { Coupon } } { 7.350 } & \frac { \text { Maturity Date } } { \text { Dec. } 22 / 26 } & \frac { \text { Bid } \$ } { 103.12 } & \frac { \text { Yield } \% } { 6.35 }\end{array}$$
-The contractual interest rate of the Bombardier bonds is

• A) less than the market rate of interest.
• B) greater than the market rate of interest.
• C) equal to the market rate of interest.
• D) not determinable.

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