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D Question 19 5 pts Garrett Company's outstanding bonds have a $1.000 par value, and...

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D Question 19 5 pts Garrett Company's outstanding bonds have a $1.000 par value, and they mature in 25 years. Their nominat annual yield to maturity is 6.85%. They pay interest semiannually, and sell at a price of $875. What is the band's nominal coupon Interest rate? Your answer should be between 1.25 and 9.10. rounded to 2 decimal places, with no special characters

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