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A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EFFECTIVE annual yield to
A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EFFECTIVE annual yield to maturity of the bond if the bond sells for $1,130?
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