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O'Brien Ltd's outstanding bonds have a $1.000 par value, and they mature in 25 years. Their coupon rate is 9.25%, they pay interest semiannually, and

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O'Brien Ltd's outstanding bonds have a $1.000 par value, and they mature in 25 years. Their coupon rate is 9.25%, they pay interest semiannually, and they sell at a price of $1,300. What is the bond's nominal yield? (Hint: find the semiannual yield and multiply by two to find the nominal yield). 6.75% 5.50% 4.7596 05.10% 5.90%

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