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A 20-year, $1,000 par value bond has an 11 percent coupon and is currently priced at par. Interest is paid annually. The bond's effective annual

A 20-year, $1,000 par value bond has an 11 percent coupon and is currently priced at par. Interest is paid annually. The bond's effective annual yield is percent. 5.50% 5.65% 11.00% 11.30%

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