Consider a bond that is currently priced at $1100. If the face value of the bond is $1000, coupon payments are made semiannually, the bond matures in 5 years, and the YTM is 3%, what is the coupon rate? Group of answer choices 5.17% 2.58% 3.00% $25.84

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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Consider a bond that is currently priced at $1100.  If the face value of the bond is $1000, coupon payments are made semiannually, the bond matures in 5 years, and the YTM is 3%, what is the coupon rate?

Group of answer choices

5.17%

2.58%

3.00%

$25.84

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