Twenty $1,000 municipal bonds are offered for sale at $17,580. The bond coupon rate is 5,4% 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 $17,580,000 in the bonds if your effective annual yield is at least 7.56%. 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.g. 52.75. The cell tolerance is $0.05