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A 10 -year, $1,000 face value semi-annual bond with a 12% annual coupon rate is currently trading at $1,124.62. what is the bond's effective annual

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A 10 -year, $1,000 face value semi-annual bond with a 12% annual coupon rate is currently trading at $1,124.62. what is the bond's effective annual yield? a) 8% b) 8.16% c) 10.25% d) 8.16%

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