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O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their yield to maturity is 6.50%, they pay interest semiannually,

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O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their yield to maturity is 6.50%, they pay interest semiannually, and they sell at a price of $1,200. What is the bond's nominal (annual) coupon interest rate? a. 8.30% b. 8.90% c. 4.15% d. 6.50%

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