Obrien ltds outstanding bonds have a 1000 par value and, Finance Basics

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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 annual, not semiannual yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $1,175. What is the bond's nominal coupon interest rate?

a. 11.06%
b. 11.50%
c. 13.82%
d. 13.60%
e. 9.40%

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Finance Basics: Obrien ltds outstanding bonds have a 1000 par value and

Reference No:- TGS0605165

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Finance Basics: Obrien ltds outstanding bonds have a 1000 par value and

Reference No:- TGS0605165

Recent Questions Asked Finance Basics

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