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9. O'Brien Ltd.'s outstanding bonds have a $1000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%. They pay

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9. O'Brien Ltd.'s outstanding bonds have a $1000 par value, and they 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 bond's nominal (annual) coupon interest rate. (Hint: You will have to find the coupon payment first.)

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