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What is the coupon rate of the William Co. bond? Problem 6-33 Coupon Rates [LO 2] You find the following corporate bond quotes. To calculate

What is the coupon rate of the William Co. bond?image text in transcribed

Problem 6-33 Coupon Rates [LO 2] You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2016. The bonds have a par value of $2,000. What is the coupon rate for the Williams Co. bond? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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