Question: Bryant Inc. just issued $ 1 , 0 0 0 par 3 0 - year bonds. The bonds sold for $ 1 . 1 0

Bryant Inc. just issued $1,000 par 30-year bonds. The bonds sold for $1.107.20 and pay interest semiannually, Investors require a rate of 7.75% on the bonds. What is the bonds' coupon rate?
8.675%
7.7504
4.125%
9393%
Bryant Inc. just issued $ 1 , 0 0 0 par 3 0 -

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