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Company A's bonds have a $1,000 par value. and they mature in 30 years. The nominal, annual yield to maturity is 8.25%, but they pay
Company A's bonds have a $1,000 par value. and they mature in 30 years. The nominal, annual yield to maturity is 8.25%, but they pay interest semiannually, and their current price is $935. What is the bond's nominal coupon interest rate?
- a. 3.83%
- b. 7.66%
- c. 7.71%
- d. 8.25%
- e. 7.49%
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