Question: need some help solving this step by step without excel thank you! A bond pays $60 interest payments twice a year. What is the coupon

need some help solving this step by step without excel thank you!

A bond pays $60 interest payments twice a year. What is the coupon rate for the bond if the par value of the bond is $1,000? Select one: A. 12.00% B. 9.00% C. 6.00% D. 15.00%

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