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The bond has 10 years to maturity pays interest

Riverhawk Corporation has a bond outstanding with a market price of $1,050.00. The bond has 10 years to maturity, pays interest semiannually, and has a yield to maturity of 9%. What is the bond's coupon rate?

A. 13.61%

B. 12.84%

C. 9.77%

D. 10.54%

E. 11.31%

F. 12.08%

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Finance Basics: The bond has 10 years to maturity pays interest

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