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A 25-year bond with a par value of 1000 and 10% coupons payable quarterly is selling at 800. Calculate the annual nominal yield rate convertible

A 25-year bond with a par value of 1000 and 10% coupons payable quarterly is selling at 800. Calculate the annual nominal yield rate convertible quarterly.

Can someone answer it by using this formula? Answer: 12.64%

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