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O'Brien Ltd . ' s outstanding bonds have a $ 1 , 0 0 0 par value, and they mature in 1 9 years. Their

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 19 years. Their yield to maturity is 7.00%,
they pay interest semiannually, and they sell at a price of $850. What is the bond's nominal (annual) coupon interest rate?
a.7.00%
b.5.56%
c.2.78%
d.5.20%
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