Question: The question asks: Beta Incs outstanding bonds have a $ 1 , 0 0 0 par value and they mature in 7 years. Their nominal

The question asks: Beta Incs outstanding bonds have a $1,000 par value and they mature in 7 years. Their nominal yield to maturity is 8.5%, bonds are SEMIANNUAL, and the current market price is $1,053.61. What is the bonds annual (nominal) coupon interest rate?

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