Answer:
There is no induced current on the coil.
Explanation:
Current is induced in a coil or a circuit, when there is a break of flux linkage. A break in flux linkage is caused by a changing magnetic field, and must be achieved by a relative motion between the coil and the magnet. Holding the magnet above the center of the coil will cause no changing magnetic filed since there is no relative motion between the coil and the magnet.
