Question: Please list all work, preferably using Excel's RATE, PV, and FV functions as needed. OConnor Ltd.'s outstanding bonds have a $1,000 par value, and they

Please list all work, preferably using Excel's RATE, PV, and FV functions as needed.

OConnor Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 30 years.Their nominal annual yield to maturity is 7%, they pay interest semiannually, and they sell at a price of $900.25.What is the bond's nominal coupon rate?

a.3.10%

b.3.75%

c.4.45%

d.5.60%

e.6.20%

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