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A company's outstanding bonds have a $1,000 par value, and they mature in 24 years.Their nominal yield to maturity is 9.25%, they pay interest semiannually,

A company's outstanding bonds have a $1,000 par value, and they mature

in 24 years.Their nominal yield to maturity is 9.25%, they pay

interest semiannually, and they sell at a price of $985.What is the

bond's nominal coupon rate?

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