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A ten-year bond with par value of 1000 is purchased to yield 8% convertible semiannually. Par value equals redemption value. The interest-paid portion of the

A ten-year bond with par value of 1000 is purchased to yield 8% convertible semiannually. Par value equals redemption value. The interest-paid portion of the rst semiannual coupon is 44.50. At what nominal rate of interest convertible semiannually are the coupons paid?

please show work not just excel sheet

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