Obrien ltds outstanding bonds have a 1000 par value and


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 semi annually, and they sell at a price of $975. What is the bond's nominal coupon interest rate?

a. 8.99%              

b. 7.71%              

c. 8.12%

d. 8.54%              

e. 7.32%

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Obrien ltds outstanding bonds have a 1000 par value and
Reference No:- TGS01091717

Expected delivery within 24 Hours