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AB Builder has 15-year bonds outstanding with a face value of $1000 and a market price of $974. The bonds pay interest annually and have

AB Builder has 15-year bonds outstanding with a face value of $1000 and a market price of $974. The bonds pay interest annually and have a yield to maturity of 4.59 percent. What is the coupon rate?

a- 3.65%, b- 3.80% c- 4.20% d- 4.35%

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