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12. (6 points) Two bonds are both redeemable at their par value of $100 in years. Bond A has 3.5% semiannual coupons and cost $88.

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12. (6 points) Two bonds are both redeemable at their par value of $100 in years. Bond A has 3.5% semiannual coupons and cost $88. Bond B has 4% semiannual coupons and cost $92. The bonds were purchased to produce the same yield rate. What is the yield rate per annum convertible semiannually

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