A $1,000 Par Value Bond Is Currently Valued at $1,037

A $1,000 par value bond is currently valued at $1,037.84.The bond pays interest semi-annually,has 7 years to maturity,and has a yield to maturity of 7.3 percent.The coupon rate is _____ percent and the current yield is _____ percent.

A) 6.80; 7.21
B) 8.00; 7.71
C) 8.00; 7.81
D) 8.50; 8.22
E) 8.50; 8.30

Correct Answer:

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