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1.1.1.2.1.3.1.4.1.5.1.6-1.7.1-8 11. 12. 1. 13.1.14 15 16 4. A 30-year, $1,000 strip bond was traded for $167, four years after it was issued. What was

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1.1.1.2.1.3.1.4.1.5.1.6-1.7.1-8 11. 12. 1. 13.1.14 15 16 4. A 30-year, $1,000 strip bond was traded for $167, four years after it was issued. What was the semi-annually compounded nominal rate at that time? Calculate percentages accurate to the nearest 0.01%. (5 marks) I A. 7.13% B. 7.00% C. 25.07% D. 12.52% E. 7.27%

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