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Assume that the price of a bond is $950. It has a face value of $1000, a coupon rate of 7% nad it matures in

Assume that the price of a bond is $950. It has a face value of $1000, a coupon rate of 7% nad it matures in 12 years. Interest payments are paid semi-annually. Determine the Bond Equivalent Yield and the Effective Annual Yield of the bond.

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