Question: O'Brien Ltd . ' s outstanding bonds have a $ 1 , 0 0 0 par value, and they mature in 2 4 years. Their

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 24 years. Their yield to maturity is 6.50%, they
pay interest semiannually, and they sell at a price of $850. What is the bond's nominal (annual) coupon interest rate?
O a.5.00%
O b.6.50%
O c.2.63%
O
5.26%

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