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(2 points) (Exercise 6.20) A $100 par value 10-year bond with 10% semiannual coupons is selling for $111. Find the yield rate convertible semiannually: a)

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(2 points) (Exercise 6.20) A $100 par value 10-year bond with 10% semiannual coupons is selling for $111. Find the yield rate convertible semiannually: a) Using the exact method. ANSWER = %. b) Using the refined version of the bond salesman's method. ANSWER %. = (2 points) (Exercise 6.20) A $100 par value 10-year bond with 10% semiannual coupons is selling for $111. Find the yield rate convertible semiannually: a) Using the exact method. ANSWER = %. b) Using the refined version of the bond salesman's method. ANSWER %. =

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