What is nominal annual on bond if face value of bond

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Reference no: EM13813397

Bonner Metals currently has 12 percent (annual coupon) bonds on the market that sell for $1,400, make semi annual payments, and mature in 16 years. What is the YTM (nominal annual) on the bond if face value of the bond is $1000?

6.00 percent

6.60 percent

5.75 percent

7.63 percent

6.21 percent

Reference no: EM13813397

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