Question
OBrien Ltd.s outstanding bonds have a $1,000 par value, and they mature in 15 years. Their nominal yield to maturity is 7.00%, they pay interest
OBrien Ltd.s outstanding bonds have a $1,000 par value, and they mature in 15 years. Their nominal yield to maturity is 7.00%, they pay interest semiannually, and they sell at a price of $960. What is the bonds nominal (annual) coupon interest rate?
| A. | 6.57% | |
| B. | 6.10% | |
| C. | 7.00% | |
| D. | 3.28% |
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Forecasting And Predictive Analytics With Forecast X
Authors: Barry Keating, J. Holton Wilson, John Solutions Inc.
7th International Edition
1260085236, 9781260085235
