Question: A certain bond is redeemable for $1000 in 9 years. Until then, the bond will pay $24 in interest twice per year. If you can

A certain bond is redeemable for $1000 in 9 years. Until then, the bond will pay $24 in interest twice per year. If you can purchase the bond today on the secondary market for $745, what will be: a. The nominal annual yield rate for this bond?

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