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A 10-year 1000 par bond has 6% semiannual coupons. The bond is sold at a premium of 35. What is the bond's nominal annual yield

A 10-year 1000 par bond has 6% semiannual coupons. The bond is sold at a premium of 35. What is the bond's nominal annual yield convertible semiannually?

(A) 5.48% (B) 5.54% (C) 5.62% (D) 5.71% (E) 5.79%

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