Answered

Jackie has a bond with a 5.6% yield, a bid price of $975, and a face value of

$1000. What is the original coupon rate of this bond?

A. 5.6%

B. 5.5%

C. 5.2%

D. 5.8%

Answer :

Answer:5.5%

Step-by-step explanation:

billupsk1

The correct answer is 5.5%

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