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AB Builders, Inc., has 15-year bonds outstanding with a par value of $2,000 and a quoted price of 94.201. The bonds pay interest semiannually and

AB Builders, Inc., has 15-year bonds outstanding with a par value of $2,000 and a quoted price of 94.201. The bonds pay interest semiannually and have a yield to maturity of 7.13 percent. What is the coupon rate?

A. 6.17%

B. 5.84%

C. 9.74%

D. 12.99%

E. 6.49%

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