[Solved] A companys bonds have a $1,000 par value,

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A companys bonds have a $1,000 par value, and mature in 33 years. Their nominal yield to maturity is 10.75%, they pay interest semiannually, and

A companys bonds have a $1,000 par value, and mature in 33 years. Their nominal yield to maturity is 10.75%, they pay interest semiannually, and currently they sell at a price of $854.25. What is the bond's nominal coupon rate?

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