Question: please need help AEP's outstanding bonds have a $1,000 par value, and they mature in 30 years. Their nominal annual, not semiannual yield to maturity
please need help
AEP's outstanding bonds have a $1,000 par value, and they mature in 30 years. Their nominal annual, not semiannual yield to maturity is 7.55%, they pay interest semiannually, and they sell at a price of $1125. What is the bond's nominal coupon interest rate? 9.25% 7.55% 8.61% 10.55% 8.81%
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