emilyn7818 emilyn7818

25-10-2022
Business

Answered

o'brien ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. their nominal annual, not semiannual yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $700. what is the bond's nominal coupon interest rate?

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