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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. | 8.25% | |
d. | 7.49% | |
e. | 7.71% |
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