What is the bond's nominal coupon interest rate?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 4P
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AEP's outstanding bonds have a $1,000 par value, and they mature in 30 years. Their nominal annual, not semiannual yield to maturity is 10.55%, they pay interest semiannually, and they sell at a price of $925. What is the bond's nominal coupon interest rate?

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