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AB Builders, Inc., has 14-year bonds outstanding with a par value of $2,000 and a quoted price of 97417 The bonds pay interest semiannually and

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AB Builders, Inc., has 14-year bonds outstanding with a par value of $2,000 and a quoted price of 97417 The bonds pay interest semiannually and have a yield to maturity of 6.50 percent. What is the coupon rate? Multiple Choice 622% 9.32% 559% 591%

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