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What is the bond nominal coupon interest rate

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Question: Rusty Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal coupon interest rate? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132075787

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