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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

  • 5.84%

  • 7.21%

  • 6.82%

  • 6.94%

  • 5.76%

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