Question: Flourish & Blotts has $1000 face value bonds on the market with 14 years to maturity, a yield to maturity of 12% and a current

Flourish & Blotts has $1000 face value bonds on the market

Flourish & Blotts has $1000 face value bonds on the market with 14 years to maturity, a yield to maturity of 12% and a current price of $750. The bond makes semi-annual payments. What is the coupon rate on these bonds? Select one: A. 7.27% B. 4.14% C. 8.27% D. 12.00% O E. 8.76%

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