Question: Tanger Ltd . ' s outstanding bonds have a $ 1 , 0 0 0 par value, and they mature in 1 0 years. The

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 $790.71. What is the bond's annual coupon interest rate?
6.22%
3.11%
4.92%
7.08%
2.46%
3.54%
 Tanger Ltd.'s outstanding bonds have a $1,000 par value, and they

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