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Greetings, I'm struggling with this question, I believe one of my variables must be off. Any help is appreciated. Thank you! AB Builders, Inc., has

Greetings,

I'm struggling with this question, I believe one of my variables must be off. Any help is appreciated. Thank you!

AB Builders, Inc., has 16-year bonds outstanding with a par value of $2,000 and a quoted price of 94.532. The bonds pay interest semiannually and have a yield to maturity of 7.10 percent. What is the coupon rate?

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