O'brien ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. 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?
a. 6.27%
b. 6.60%
c. 6.95%
d. 7.32%
e. 7.70%
Answers: 2
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O'brien ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. their nominal...
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