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BOND VALUATIONS In the problems below, all coupon and yield rates are quoted as nominal...

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BOND VALUATIONS In the problems below, all coupon and yield rates are quoted as nominal rates payable semiannually (so r(2) and j(2) respectively). Use the following convention: the issue date is t = 0 and the first coupon payment occurs at t 1; t is measured in 1's of a year. If not specified otherwise, P refers to the price of the bond at the issue date t=0. = The fair price of the bond at the issue date is P = $95. This is an 8-year bond, whose face value is $100 and the coupon rate is 4%. Find the nominal semiannual yield rate j(2) for this bond

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