Jerry just purchased a bond paying semiannual interest for a price of $1,000.  Yields on bonds of similar risk are 9.1%.  The bond has a face value of $1,000. Based on this​ information, the coupon rate of the bond​ is:   A. The coupon rate of the bond is 10.3%   B. The coupon rate of the bond is 9.1%.    C. The coupon rate of the bond is 9.2%   D. The coupon rate of the bond is 8.5%   E. We need the maturity of the bond to solve this problem.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Jerry just purchased a bond paying semiannual interest for a price of $1,000.  Yields on bonds of similar risk are 9.1%.  The bond has a face value of $1,000. Based on this​ information, the coupon rate of the bond​ is:

 
A. The coupon rate of the bond is 10.3%
 
B. The coupon rate of the bond is 9.1%. 
 
C. The coupon rate of the bond is 9.2%
 
D. The coupon rate of the bond is 8.5%
 
E. We need the maturity of the bond to solve this problem.
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