Question: AB Builders, Incorporated, has 1 7 - year bonds outstanding with a par value of $ 2 , 0 0 0 and a quoted price

AB Builders, Incorporated, has 17-year bonds outstanding with a par value of $2,000 and a quoted price of 100.882. The bonds pay interest semiannually and have a yield to maturity of 6.59 percent. What is the coupon rate?
Multiple Choice
13.35%
6.34%
6.01%
6.68%
10.02%
AB Builders, Incorporated, has 1 7 - year bonds

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