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Acme Inc.'s outstanding bonds have a par value of $1000 and maturity of 15 years. Their nominal yield to maturity is 7.25%, they pay interest

Acme Inc.'s outstanding bonds have a par value of $1000 and maturity of 15 years. Their nominal yield to maturity is 7.25%, they pay interest semiannually, and currently sell at a price of $1,080. Find the bond's nominal coupon interest rate.

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