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A 9-week U.S. Treasury Bill maturing for $10,000 is bought at a quoted rate of 4.7%. For the same price, a zero-coupon bond maturing

A 9-week U.S. Treasury Bill maturing for $10,000 is bought at a quoted rate of 4.7%. For the same price, a zero-coupon bond maturing for $41,000 at the end of 16 years is available. Compute the nominal yield rate convertible semiannually for this bond. (A) 8.65% (B) 8.71% (C) 8.93% (D) 9.07% (E) 9.40%

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