AB Builders, Incorporated, has 2 2 - year bonds outstanding with a par value of $ 2

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Question:

AB Builders, Incorporated, has

22 -

year bonds outstanding with a par value of $

2, 000

and a quoted price of

106.657 .

The bonds pay interest semiannually and have a yield to maturity of

6.74

percent. What is the coupon rate?

Posted Date: May 13, 2024 02:53 AM

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AB Builders, Incorporated, has 2 2 - year bonds outstanding with a par value of $ 2

Question:

Expert Answer:

To calculate the coupon rate we can use the formula Coupon Rate Annual Coupon Payment Par Value 100 ... View the full answer

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