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A bond's price is $ 8 , 9 0 0 . 5 4 , face value of $ 1 0 , 0 0 0 ,

A bond's price is $

8, 900.54,

face value of $

10, 000,

Coupon rate of

5 %,

semi

-

annual coupons, and maturity in

22

years. What is its yield in EAR terms?

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