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Rusty ltds outstanding bonds have a 1000 par value and they

Question: Rusty Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal coupon interest rate? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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

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