Question: Leabman Ltd . ' s outstanding bonds have a $ 1 , 0 0 0 par value, and they mature in 2 0 years. Their

Leabman Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual yield to maturity is 6.5%, they pay interest semiannually, and they sell at a price of $833.44. What is the bond's nominal coupon rate?

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