What is the bond coupon rate for gyro tech corporation

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Reference no: EM132816523

Problem 1: Gyro Tech Corporation has a bond outstanding with a market price of $1,155.00. The bond has 2 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bond's coupon rate?

A. 17.81%

B. 16.78%

C. 18.24%

D. 18.54%

E. 17.32%

F. 17.64%

Reference no: EM132816523

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