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A 20-year, $1000 par value bond has a 5% coupon rate (paid semi-annually). If the price is $1100, what is the effective annual yield (EAY)?

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A 20-year, $1000 par value bond has a 5% coupon rate (paid semi-annually). If the price is $1100, what is the effective annual yield (EAY)? Enter your answer as a percentage to one decimal place without a % sign

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