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a. What is the yield to maturity on a bond that you purchased for $1,204, assuming that the bond has 12 years to maturity, a

a. What is the yield to maturity on a bond that you purchased for $1,204, assuming that the bond has 12 years to maturity, a par value of $1,000, and a coupon rate of 6.35%? The bond pays coupon interest semiannually.

Yield to maturity =

b. What is the effective annual yield on this bond?

Effective Annual Yield =

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