Question
AB Builders, Inc., has 13-year bonds outstanding with a par value of $2,000 and a quoted price of 96.262. The bonds pay interest semiannually and
AB Builders, Inc., has 13-year bonds outstanding with a par value of $2,000 and a quoted price of 96.262. The bonds pay interest semiannually and have a yield to maturity of 6.47 percent. What is the coupon rate? Multiple Choice
5.44%
9.06%
12.08%
6.04%
5.74%
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
