AB Builders, Inc., has 19-year bonds outstanding with a par value of $2,000 and a quoted price of 103.192. The bonds pay interest semiannually and have a yield to maturity of 6.65 percent. What is the coupon rate?

Multiple Choice

• 6.25%

• 6.60%

• 13.90%

• 10.42%

• 6.95