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AB Builders, Inc., has 21-year bonds outstanding with a par value of $2,000 and a quoted price of 96.187. The bonds pay interest semiannually and
AB Builders, Inc., has 21-year bonds outstanding with a par value of $2,000 and a quoted price of 96.187. The bonds pay interest semiannually and have a yield to maturity of 6.95 percent. What is the coupon rate?
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6.60%
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5.94%
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13.20%
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9.90%
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6.27%
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