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8. (3 points) An n-year, 8%, $1000 par-value bond with semi-annual coupon is sold for $1,084.45. The bond yield a semiannual nominal interest rate of

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8. (3 points) An n-year, 8%, $1000 par-value bond with semi-annual coupon is sold for $1,084.45. The bond yield a semiannual nominal interest rate of 7%. Find n. (A) 11 (B) 12 (C) 13 (D) 14 (E) 20 (F) 22

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