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A 9 week U.S. Treasury Bill maturing for $10,000 is bought at a quoted rate of...

A 9 week U.S. Treasury Bill maturing for $10,000 is bought at a quoted rate of 4.7%. For the same price, a zero coupon bond maturing for $41,000 at the end of 16 years is available. Compute the nominal yield rate convertible semiannually for this bond. Please show work with formulas. No Excel.

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