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O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years.Their nominal yield to maturity is 8.25%, they pay interest semiannually,

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years.Their nominal yield to maturity is 8.25%, they pay interest semiannually, and they sell at a price of $900.What is the bond's nominal (annual) coupon interest rate?answer should be rounded to two decimal places.

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