O'Brien Ltd.'s outstanding bonds have a $1,000 par value,and they mature in 25 years.Their nominal yield to maturity is 9.25%,they pay interest semiannually,and they sell at a price of $975.What is the bond's nominal coupon interest rate?
A)7.32%
B)7.71%
C)8.12%
D)8.54%
E)8.99%

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The Answer of O'Brien Ltd.'s outstanding bonds have a $1,000 par value,and they mature in 25 years.Their nominal yield to maturity is 9.25%,they pay interest semiannually,and they sell at a price of $975.What is the bond's nominal coupon interest rate?
A)7.32%
B)7.71%
C)8.12%
D)8.54%
E)8.99%