Question: please include detailed steps and do not use excel Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to

please include detailed steps and do not use excel Field Industries'

please include detailed steps and do not use excel

Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $850. What is the bond's nominal (annual) coupon interest rate? d. SHOW WORK WITHOUT EXCEL ONLY FINACIAL CALCULATOR ALLOWED

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