What Is the Amount of the Annual Coupon Payment for a Bond

question 109

Multiple Choice

What is the amount of the annual coupon payment for a bond that has six years until maturity, sells for $1,050, and has a yield to maturity of 9.37%?

• A)$87.12
• B)$93.70
• C)$100.00
• D)$105.00 Using the BAII Plus calculator:

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