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You know the maturity of the WW outstanding bonds is 12y. Their par value is 1,000 and nominal annual yield to maturity is 7.25%, they
You know the maturity of the WW outstanding bonds is 12y. Their par value is 1,000 and nominal annual yield to maturity is 7.25%, they pay interest semiannually, and they sell at a price of $875.
What is the bonds nominal coupon interest rate?
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