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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 14 years to maturity, a

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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 14 years to maturity, a par value of $1,000, and a coupon rate of 5.90%? The bond pays coupon interest semiannually. (Round your answer to 4 decimal places.) Yield to maturity L-0% b. What is the effective annual yield on this bond? (Round your answer to 4 decimal places.) Effective annual yield

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