Question
AB Builders, Inc., has 23-year bonds outstanding with a par value of $2,000 and a quoted price of 96.849. The bonds pay interest semiannually and
AB Builders, Inc., has 23-year bonds outstanding with a par value of $2,000 and a quoted price of 96.849. The bonds pay interest semiannually and have a yield to maturity of 6.89 percent. What is the coupon rate?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
