What is the bond nominal coupon interest

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Problem 1: Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal 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 (annual) coupon interest rate?

Select the correct answer.

a. 10.86%
b. 10.80%
c. 10.98%
d. 10.92%
e. 10.74%

Reference no: EM132965139

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