O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their...
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O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%, they pay interest annually, and they sell at a price of $875. What is the bond's nominal coupon interest rate? A 6.85% B 7.25% C) 7.95% D 8.35% O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%, they pay interest annually, and they sell at a price of $875. What is the bond's nominal coupon interest rate? A 6.85% B 7.25% C) 7.95% D 8.35%
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