Question: You are analyzing a 14-year, $5,000 par value bond which has a yield to maturity of 10.63 percent from The Glam Company. If the bond

You are analyzing a 14-year, $5,000 par value bond which has a yield to maturity of 10.63 percent from The Glam Company. If the bond is quoted at 97.78 percent of face value, what must be the coupon rate for this semiannual-pay bond?

20.76%

O 20.64%

0 5.16%

O 10.17%

O 10.32%

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