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OConnor Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 30 years.Their nominal annual yield to maturity is 7%, they pay interest

OConnor Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 30 years.Their nominal annual yield to maturity is 7%, they pay interest semiannually, and they sell at a price of $900.25.What is the bond's nominal coupon rate?

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