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Question 19 Garrett Company's outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual yield to maturity is 6.55%.

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Question 19 Garrett Company's outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual yield to maturity is 6.55%. They pay interest semiannually, and sell at a price of $875. What is the bond's nominal coupon interest rate? 5 pts Your answer should be between 425 and 9.10, rounded to 2 decimal places, with no special characters. int

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