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1 5 . Moon Inc. ' s outstanding bonds have a par value of $ 1 0 0 0 and maturity of 2 5 years.

15. Moon Inc.'s outstanding bonds have a par value of $1000 and maturity of 25 years. Their yield to maturity is 9.25%, they pay interest semiannually, and currently sell at a price of $975. Find the bond's nominal coupon interest rate.
a.8.99%
b.8.01%
c.7.99%
d.9.19%
e.6.62%

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