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**ABC Builders has 15-year Bonds outstanding with a face value of $1,000 and a market price of $974. The Bonds pay Interest Annually, and have
**ABC Builders has 15-year Bonds outstanding with a face value of $1,000 and a market price of $974. The Bonds pay Interest Annually, and have a Yield-to-Maturity of 4.03 percent. What is the Coupon Rate? Hint: Find Coupon Payment first and then Divide by face value of $1,000 a.) 3.95 percent c.) 4.20 percent b.) 4.25 percent d.) 3.80 percent
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