Question: Use the information given in the following table for an bond, what is the coupon rate of the bond? Today is February 20, 2020 .

Use the information given in the following table for an bond, what is the coupon rate of the bond?

Today is February 20, 2020.

Type Issue date Price Coupon rate Maturity date YTM Current yield Rating
Bond August 20, 2003 $954.46 ------ August 20, 2026 11% --- AA

Assume semi-annual interest payments and a par value of the bond of $1,000.

The coupon rate of the bond is:

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