Question: AB Builders has 15-year bonds outstanding with a face value of $1,000 and a market price of $985. The bonds pay interest semiannually and have

AB Builders has 15-year bonds outstanding with a face value of $1,000 and a market price of $985. The bonds pay interest semiannually and have a yield to maturity of 4.03 percent. What is the coupon rate? Multiple Choice 3.80% (U) 4.20% 4.25% 3.75% 3.90%

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