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A bond with a coupon rate of 5.76 percent and semiannual coupon payments matures in 23 years. The YTM is 6.82 percent. What is the
A bond with a coupon rate of 5.76 percent and semiannual coupon payments matures in 23 years. The YTM is 6.82 percent. What is the effective annual yield?
Multiple Choice
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5.84%
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7.21%
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6.82%
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6.94%
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5.76%
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