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6 a 6. The market price of a semi-annual pay bond is $973.78. It has 20.00 years to maturity and coupon rate of 6.00% Par

a 6. The market price of a semi-annual pay bond is $973.78. It has 20.00 years to maturity and coupon rate of 6.00% Par value is $1,000. What is the effective annual yield? 6.3282% b. 4.3782% c. 7.1290% d. 8.4462%

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