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What is the bond nominal coupon rate for shome ltd

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Problem 1: Shome Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 15 years. Their nominal annual yield to maturity is 5.7%, they pay interest semiannually, and they sell at a price of $780.15. What is the bond's nominal coupon rate?

Reference no: EM132959877

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