Bond nominal coupon interest rate

Reference no: EM131015873

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 $1,150. What is the bond's nominal coupon interest rate?

a. 11.99%

b. 8.10%

c. 13.28%

d. 10.80%

e. 8.96%

Reference no: EM131015873

Questions Cloud

Calculate the time constant for this isotope : A drug tagged with 9943Tc (half-life = 6.05 h) is prepared for a patient. The original activity of the sample was 1.20 Bq. Calculate the time constant for this isotope.

Number of current shares : How many new shares will be issued if the number of current shares is 8 million?

What sort of compensation plan would you recommend : Although the case with OFCCP is closed, we wonder if there are any less discriminatioryexplanations possible for why our women sales reps on average earned less than men

Which undergoes the greater change of momentum : You are driving down a road and you crash into another car that is more massive. The cars do not stick together. Which undergoes the greater change of momentum? how about the change of velocity? how about the force?

Bond nominal coupon interest rate : 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 $1,150. What is the bond's nominal ..

Human resource dilemmas : Human Resource Dilemmas - Pharmmedix employs 13 salespeople to market its wonder drug Rejuvenate, which has been designed to reverse the aging process. Each salesperson has been designated to cover a 50-mile radius. Salespeople have the discretion ..

What is th height of the image of the glass : A drinking glass is 16 cm tall. It is photographed at a distance of 75 cm from a camera lens (converging) whose focal length is 10.0 cm. What is th height of the image of the glass?

Determine displacement from equilibrium position : Determine displacement from equilibrium position - The last data point corresponds to the maximum displacement of the mass.

Find the characteristic polynomial : Find the characteristic polynomial. Show that the characteristic roots are ±β. Give the complete solution in terms of (real-valued) functions.

User Account

All Pages