O'Brien Ltd

question 67

Multiple Choice

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 $850. What is the bond's nominal (annual) coupon interest rate?

• A) 6.27%
• B) 6.60%
• C) 6.95%
• D) 7.32%
• E) 7.70%

---

Definitions:

Soil Component

The physical, chemical, and biological elements that make up soil, including minerals, organic matter, and living organisms.

Macronutrient

A type of nutrient that organisms need in relatively large amounts to maintain health, such as carbohydrates, proteins, and fats.

Proteins

Large, complex molecules made up of amino acids that play critical roles in the body, including in the structure, function, and regulation of tissues and organs.

Nucleic Acids

Macromolecules essential to all known forms of life, which store and transmit genetic information in the form of DNA or RNA.