What must the coupon rate on bonds

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Reference no: EM13937359

The Los Angeles Airport Authority has bonds on the market with 10.5 years to maturity, a yield to maturity of 8%, and a current price of $925. The bonds make semi-annual payments. What must the coupon rate be on LA Airport’s bonds?

FORMAT TO 4 DECIMAL PLACES.

A. 11.88%

B. 6.93%

C. 10.50%

D. 3.47%

E. 9.13%

Reference no: EM13937359

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