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ABC Inc outstanding bonds have a 18-year maturity and $1,000 par value. Their nominal yield to maturity is 7.25%, they pay interest semiannually, and they

ABC Inc outstanding bonds have a 18-year maturity and $1,000 par value. Their nominal yield to maturity is 7.25%, they pay interest semiannually, and they sell at a price of $950. What is the bond's nominal (annual) coupon interest rate?

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