Bond Prices A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 4%, a promised yield to maturity of 4.9% and exactly 10 years to maturity. The present value of the coupon stream represents ______ of the total bond's value.
a) 34.8%
b) 32.6%
c) 33.7%
d) 36.1%