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Their nominal yield to maturity is 6 they pay interest

Semiannual bond coupon

Langham Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 10 years. Their nominal yield to maturity is 6%, they pay interest semiannually, and they sell at a price of $925.61. What is the bond's nominal coupon rate?

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Finance Basics: Their nominal yield to maturity is 6 they pay interest

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Finance Basics: Their nominal yield to maturity is 6 they pay interest

Reference No:- TGS02800069

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