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

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual, not semiannual yield to maturity is 10.00%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal coupon interest rate? Do not round your intermediate calculations.

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