The Current Price of a 10-Year, $1,000 Par Value Bond

question 138

Multiple Choice

The current price of a 10-year, $1,000 par value bond is $1,158.91. Interest on this bond is paid every six months, and the simple annual yield is 14 percent. From the given information, calculate the annual coupon rate on the bond. 

• A)10%
• B)12%
• C)14%
• D)17%
• E)21%

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