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Question 12 (2 points) Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yield to maturity

Question 12 (2 points) Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. The annual yield to maturity is 8%. However coupon is paid semiannually, and they sell at a price of $879.05. What is the bond's annual coupon interest rate? 3.11% 6.22% 2.46% 3.54% 7.08% 4.92%

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