Question: AEP has a five - year bond outstanding that pays $ 6 0 annually. The face value of each bond is $ 1 , 0

AEP has a five-year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $860. What is the bond's coupon rate? Round your answer to two decimal places.
4.38%
5.02%
5.43%
6.00%
AEP has a five - year bond outstanding that pays

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