7. A S1,000 face value bond currently has a yield to maturity (required return) of 7.34 percent. The bond matures in 6 years and pays interest annually. The coupon rate is 8.5 percent. What is the current price of this bond? $1,054.72 AB Builders, Inc. has 15 year bonds outstanding with a face value of $1,000 and a market price of $952 The bonds pay interest annually and have a yield to maturity of 4.6 percent. What is the coupon rate? 4.15% 8