Apollo Industrial currently has eleven-year, $1,000 par value bonds outstanding that trade at a price of $886.84 and wit

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Apollo Industrial Currently Has Eleven Year 1 000 Par Value Bonds Outstanding That Trade At A Price Of 886 84 And Wit 1 (15.65 KiB) Viewed 64 times

Apollo Industrial currently has eleven-year, $1,000 par value bonds outstanding that trade at a price of $886.84 and with a yield to maturity of 14.90% APR. Investors receive interest payments on these bonds from Apollo Industrial eight times per year. Given the above information, which of the following is closest to the annual coupon rate on Apollo Industrial's bond? O a. 16.1% O b. 14.1% Ос. 15.6% O d. 14.9% Oe. 15.2% O f. 14.6% Og 13.5% Oh. 12.8%