19.

5 pts D Question 19 Garrett Company's outstanding bonds have a $1.000 par value, and they mature in 25 years. Their nominal annual yield to maturity is 6.85%. They pay interest semiannually, and sell at a price of $875. What is the bond's nominal coupon interest rate? Your answer should be between 4.25 and 9.10. rounded to 2 decimal places, with no special characters