Question: A $ 1 , 0 0 0 face value bond is currently selling at 1 , 0 0 8 . The bond pays semiannual payments

A $1,000 face value bond is currently selling at 1,008. The bond pays semiannual payments of $28.75 each and matures in six years. What is the coupon rate?
A.5.75%
B.4.46%
C.4.50%
D.2.25%
E.2.85%

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