Question: Wingler Ltd . ' s outstanding bonds have a $ 1 , 0 0 0 par value, and they mature in 1 5 years. Their

Wingler Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 15 years. Their nominal annual yield to maturity is 12%, they pay interest semiannually, and they sell at a price of $779.76. What is the bond's nominal coupon rate?
a.8.80%
b.9.50%
c.10.20%
d.10.90%
e.11.60%

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