O'Brien Ltd

question 12

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 $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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Definitions:

Genetic Abnormalities

Irregularities in the DNA sequence or chromosome structure that may lead to diseases, developmental disorders, or characteristic physical features.

Y Chromosome

The Y chromosome is one of the two sex chromosomes in humans (the other being X) and is associated with male biological characteristics.

X Chromosome

One of the two sex chromosomes, with females typically having two X chromosomes and males having one X and one Y chromosome.

Bipolar Disorder

A mental disorder marked by extreme mood swings from mania to depression.