Talton buys a $$1000$ par value $19-$year bond with annual coupons. The redemption

value at maturity is equal to the par value. Talton bought the bond at a discount to

yield an annual effective rate of $6\%.$

Determine the annual coupon rate if the amount for accumulation of discount in the

$6$th year is $10\mathrm{.}04.$

Possible Answers

$3\mathrm{.}73$

$3\mathrm{.}79$

$3\mathrm{.}82$

$3\mathrm{.}87$

$3\mathrm{.}91$