Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, and selling for $1,382.01.At this price, the bonds yield 7.5 percent.What is the coupon rate?

Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, and selling for $1,382.01.At this price, the bonds yield 7.5 percent.What is the coupon rate?
A)8.00 percent
B)8.50 percent
C)9.00 percent
D)10.50 percent
E)12.00 percent

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