What is the bonds annual coupon rate

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Reference no: EM131525640

O'Brien's Ltds outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%. They pay interest semi-annually, and they sell at a price of $850. What is the bonds (nominal) annual coupon rate?

Reference no: EM131525640

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