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Business, 06.07.2021 21:40 k3thagoat

American Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal yield to maturity is 9.25%, they pay interest semiannually, and they sell at a price of $850. What is the bond's nominal coupon interest rate

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American Industries' outstanding bonds have a 25-year maturity and $1,000 par value. Their nominal y...
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