What is the bonds nominal coupon interest rate

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Reference no: EM13915461

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: EM13915461

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