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What is the bond nominal coupon rate

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Reference no: EM132842019

Question - Heskel Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual yield to maturity is 6.5%, they pay interest semiannually, and they sell at a price of $888.96. What is the bond's nominal coupon rate?

Reference no: EM132842019

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