Ab builders inc has 12-year bonds outstanding with a face, Accounting Basics

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Ab builders inc has 12-year bonds outstanding with a face

AB builders inc has 12-year bonds outstanding with a face value of $1,000 and a market price of $974. The bonds pay interest annually and have a yield to maturity of 4.03 percent. What is the coupon rate?1. 3.75.2. 4.20 percent.3. 4.25. 4. 7.50 percent. 5. 8.40 percent.

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Accounting Basics: Ab builders inc has 12-year bonds outstanding with a face

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Accounting Basics: Ab builders inc has 12-year bonds outstanding with a face

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