QUESTION 16 Bonds issued by Vermont Shipping were priced at $976.00 six months ago and...
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QUESTION 16 Bonds issued by Vermont Shipping were priced at $976.00 six months ago and are priced at $971.00 today. The bonds have a face value of $1,000, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months of 5.6% What is the coupon rate of the bonds? a. 11.93% (plus or minus 0.03 percentage points) b.9.93% (plus or minus 0.03 percentage points) 12.29% (plus or minus 0.03 percentage points) d. 6.14% (plus or minus 0.03 percentage points) e. None of the above is within 0.03 percentage points of the correct
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