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MC algo 6-18 Calculating Coupon Rates AB Builders, Inc., has 21-year bonds outstanding with a par value of $2,000 and a quoted price of 105.502.

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MC algo 6-18 Calculating Coupon Rates AB Builders, Inc., has 21-year bonds outstanding with a par value of $2,000 and a quoted price of 105.502. The bonds pay interest semiannually and have a yield to maturity of 6.71 percent. What is the coupon rate? Multiple Choice 6.84% 10.80% 6.48% 720% 14.40%

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