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AB Builders, Inc., has 20-year bonds outstanding with a par value of $2,000 and a quoted price of 95.856. The bonds pay interest semiannually and

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AB Builders, Inc., has 20-year bonds outstanding with a par value of $2,000 and a quoted price of 95.856. The bonds pay interest semiannually and have a yield to maturity of 6.98 percent. What is the coupon rate? Multiple Choice 6.26% 5.93% 13.18% 6.59% 9.89%

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