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Please view the following video before answering this question. Click here to watch the video Twenty $1,000 municipal bonds are offered for sale at $18,680.

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Please view the following video before answering this question. Click here to watch the video Twenty $1,000 municipal bonds are offered for sale at $18,680. The bond coupon rate is 6.8% per year payable semiannually. The bonds will mature and be redeemed at face value 5 years from now. If you purchase the bonds, the first premiums will be received 6 months from today. You have decided that you will invest $18,680,000 in the bonds if your effective annual yield is at least 8.96%. part a What is the nominal yield rate of the bond? Click here to access the TVM Factor Table Calculator For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e... 52.75. The cell tolerance is 005

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