Question

What is the coupon rate for a seven-year bond with yield to maturity of 3% and current price is $1,221.175. Please show your work and formulaA) 2.46%B) 3.00%C) 5.45%D) 6.55%

Answer 1

D) 6.55%

Step-by-step explanation:

Please see attachment . The correct answer is D) 6.55%