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2 pointsSaw Question 4 A 30-year bond with a par value of $1,000 and 10% coupons payable quarterly is selling at $850. Calculate the annual

2 pointsSaw Question 4 A 30-year bond with a par value of $1,000 and 10% coupons payable quarterly is selling at $850. Calculate the annual nominal yield rate convertible quarterly. (Provide answver as a perent rounded to 1 decimal place)

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