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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

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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) A. 7.13% B. 7.00% C. 25.07% D. 12.52% E. 7.27%

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