Moussawi Ltd’s outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield to maturity is 9%, based on semiannual compounding, and the current market price is $853.61. The bonds have a par value of $1,000. What is the bond’s annual coupon interest rate? (Points: 5), 5.10% , 5.20% , 5.30% , 5.40% , 5.50%
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