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13. A companys bonds have a $1,000 par value, and mature in 25 years. Their nominal yield to maturity is 9.25%, they pay interest semiannually,

13. A companys bonds have a $1,000 par value, and mature in 25 years. Their nominal yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $850. What is the bonds nominal (annual) coupon rate?

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