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O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual, not semiannual yield to maturity is 8.50%,

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal annual, not semiannual yield to maturity is 8.50%, they pay interest semiannually, and they sell at a price of $985. What is the bond's nominal coupon interest rate?

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