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Company Z'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 Z'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. 8.25% c. 7.66% d. 7.71% e. 7.49%

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