Question: A bond has a $ 1 , 0 0 0 face value, a market price of $ 1 . 0 4 5 , and pays

A bond has a $1,000 face value, a market price of $1.045, and pays interest payments of $72.50 every year. What is the coupon rate?
7.45 percent
8.14 percent
6.76 percent
7.25 percent
7.00 percent
A bond has a $ 1 , 0 0 0 face value, a market

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