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20 Geriatric Research Inc's outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual yield to maturity is 7.76%.

20

Geriatric Research Inc's outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual yield to maturity is 7.76%. They pay interest semi-annually, and they sell at a price of $887. What is the bond's nominal annual coupon interest rate? 8.9870% 6.6295\% 6.6385% 7.6273% 8.9977%

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