What is the bond coupon rate

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Reference no: EM131186297

Sky Enterprises outstanding bonds have a 25 year maturity and a $1000 par value. Their yield to aturity is 9.25%. They pay coupon payments semiannuallym and they are selling at a price of $850. What is the bond's(annual) coupon rate?

A. 7.22%

B. 7.7%

C. 6.27%

D. 6.95%

E. 6.60%

Reference no: EM131186297

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