What is the bonds nominal annual coupon interest


ABC Inc outstanding bonds have a 18-year maturity and $1,000 par value. Their nominal yield to maturity is 7.25%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal (annual) coupon interest rate?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the bonds nominal annual coupon interest
Reference No:- TGS02383603

Expected delivery within 24 Hours