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Jackie has a bond with a 5.6% yield, a bid price of $975, and a face value of $1000. What is the original coupon rate of this bond? A. 5.6% B. 5.5% C. 5.2% D. 5.8%

Jackie has a bond with a 5.6% yield, a bid price of $975, and a face value of $1000. What is the original coupon rate of this bond? A. 5.6% B. 5.5% C. 5.2% D. 5.8%
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3 votes
Jackie has a bond with a 5.6% yield, a bid price of $975, and a face value of

$1000. What is the original coupon rate of this bond?

A. 5.6%

B. 5.5%

C. 5.2%

D. 5.8%

asked
User Kochizufan
by
7.8k points

2 Answers

4 votes

The correct answer is 5.5%

answered
User Lith
by
8.5k points
3 votes

Answer:5.5%

Explanation:

answered
User Giusti
by
8.5k points
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