[Solved] A 100 par-value 10-year, 7% bond with sem

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A 100 par-value 10-year, 7% bond with semiannual coupons is selling for 104. Find the nominal annual yield rate convertible semi-annually. No excel please!!!!

A 100 par-value 10-year, 7% bond with semiannual coupons is selling for 104. Find the nominal annual yield rate convertible semi-annually.

No excel please!!!!

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