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(a) Farrah Berhad outstanding bonds have a RM1,000 par value and mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.25%,

(a) Farrah Berhad outstanding bonds have a RM1,000 par value and mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.25%, pay interest semiannually, and sell at a price of RM1,075. Calculate the bond's nominal coupon interest rate.

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