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any oO'Brien Ltd . ' s outstanding bonds have a $ 1 , 0 0 0 par value, and they mature in 2 5 years.

any oO'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $850. What is the bond's nominal (annual) coupon interest rate?ne explain the formula?

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