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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
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
- 6.60%
- 6.95%
- 13.90%
- 10.42%
- 6.25%
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