Business, 20.06.2020 21:57 kat9940

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 $850. What is the bond's nominal (annual) coupon interest rate? a. 6.95% b. 7.32% c. 6.60% d. 7.70% e. 6.27%

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Field Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yiel...

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