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Question 7 A corporate $100,000 face value, 8-year corporate bond currently trades at a price of $114,924.67 The bond pays coupons quarterly at a rate of 13.5% p.a. Part (a): What is the nominal annual yield? (Express your answer in percentage to four decimal places. Omit the % sign.) Part (b): What is the effective annual yield? (Express your answer in percentage, to four decimal places. Omit the % sign.) Your answers: The nominal annual yield is % p.a, and the effective annual yield is % p.a