Question: Question 11 A $1,000 face value bond is currently quoted at 103:16. The bond pays semiannual payments of $30.00 each and matures in 5 years.

Question 11

A $1,000 face value bond is currently quoted at 103:16. The bond pays semiannual payments of $30.00 each and matures in 5 years. What is the coupon rate? What is the current yield?

Group of answer choices

Coupon rate is 5.70 percent; Current yield is 6.10 percent

Coupon rate is 5.80 percent; Current yield is 6.00 percent

Coupon rate is 5.90 percent; Current yield is 5.90 percent

Coupon rate is 6.00 percent; Current yield is 5.80 percent

Coupon rate is 6.10 percent; Current yield is 5.70 percent

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